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0 pointsbagacrap3y ago0 comments

not to alarm you, but the sp500 is only above the pre pandemic high by about 7.5% while the Dow is below. inflation adjusted, sp500 is below pre pandemic highs.

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RC_ITR3y ago

It is a very dangerous and naive game to

1) 'Inflation adjust' asset prices (if you think the average stock-holder has anywhere near the spend patterns of the CPI basket, boy howdy do I have something to tell you about home ownership and income inequality: rent is 33% of the CPI bucket and that's an 'imputed cost' for the vast majority of stock-holders who own their homes)

2) Think 7.5% in 2 years is a 'bad return'

EDIT: Let's actually play a fun game, what's the real return of the SPY from the perspective of someone planning on taking a trip to Europe/The UK/Japan?

j / k navigate · click thread line to collapse

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RC_ITR3y ago

It is a very dangerous and naive game to

2) Think 7.5% in 2 years is a 'bad return'

EDIT: Let's actually play a fun game, what's the real return of the SPY from the perspective of someone planning on taking a trip to Europe/The UK/Japan?

j / k navigate · click thread line to collapse