S&P500 adjusted for Money Suppy is unchanged for 26 years
In order to get the decimal point to the right of a number, I had to multiply 
SPY by 1,000,000,000,000 or 1 Trillion.
The price of the market is unchanged since January 1997 with the adjustment.
That is an incredible 26 years where prices haven't bean 'inflation as measured by the quantity of money' floating around in the banking system.
Nominally, our purchasing power if stored in stocks has been maintained over that time period, which is good.
BUT, if you think you are wealthier over these last 26 years, it may be because of your ability to pick stocks that do better than the market overall. The Nasdaq likely did far better than the S&P500, for example.
321 months sideways and plenty of deviation around the level we are at now.
I have adjusted other charts for inflation to make a point and I wanted to add this one, which is more aggressive, to the bunch.
Tim West
October 18, 2023.
12:58PM EST
SPY by 1,000,000,000,000 or 1 Trillion.The price of the market is unchanged since January 1997 with the adjustment.
That is an incredible 26 years where prices haven't bean 'inflation as measured by the quantity of money' floating around in the banking system.
Nominally, our purchasing power if stored in stocks has been maintained over that time period, which is good.
BUT, if you think you are wealthier over these last 26 years, it may be because of your ability to pick stocks that do better than the market overall. The Nasdaq likely did far better than the S&P500, for example.
321 months sideways and plenty of deviation around the level we are at now.
I have adjusted other charts for inflation to make a point and I wanted to add this one, which is more aggressive, to the bunch.
Tim West
October 18, 2023.
12:58PM EST
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