*The information presented below (narrative and chart) related to data that is adjusted for inflation.
Sometimes it’s very good to get out of the day to day noise of the market. Today we’ll look at about a 90 year graph of the S&P 500. The graph is below and my observations are as follows…
- In 1929 the market peaks and then it’s not until the latter part of the 1950’s until we get back to levels seen in ’29. It took nearly 30 years to climb back. Thirty years is a career.
- In 1968 the market sees another top. It will not be until the early 1990’s until that top is reached again. Over 20 years is spent climbing out of the hole that began being dug in the latter part of 1960’s.
- In 2000 the market price surpassed 2,000. In 2015 the S&P ever so slightly broached the highs seen in the year 2000. Fifteen years were spent making the climb back to where we vaulted at the turn of the millennium.
- Where are we today? Price wise we know. We also know that we are in a period of history where yield starved investors have been pushed toward stocks as a way in which yield can be gained. From the realm of risk-free to risk-filled. The market, as shown through the historical record of the S&P 500, is not anything close to the environment of FDIC backed savings accounts and Certificates of Deposit.