What does this chart mean to you?
Think about the year you were born and where the S&P was back then compared to now. Had your parents invested smartly and kept with it, think about the wealth that could’ve been created. Now extricate yourself from your end of days forecast. How will this chart looking 50 years from now when you’re just about dead?
Some think the market will be 650,000, others believe zero. I suppose we cannot compare the 70s to today, since we have already levered up the sovereign balance sheet to $23 trillion in debt, thanks to two wonderful decades of war and tumult. But we are the best gain in town. Population is still increasing in America and we have a strong racket going.
Think about how stupid most people were 50 years ago, opting to keep their money in the bank instead of stocks. Those fucking bozo clown morons died broke because they never had the balls to step in and to be a man. Don’t follow in the footsteps of your loser family members from yesterday. Invest in stocks for the long term too, not just trading in and out like a foolish accordion playing monkey.
Markets are at record highs. The expectation is an earnings trough now and acceleration into 2020. Don’t kill the messenger.
Happy Monday.
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Look at that chart showtime you fucking idiot
Most Americnas already think this is *exactly* what will happen over the next 50-100 years.
Next time, try using a log scale and factor in the effects of interest rates. Then factor in working population growth. Too hard? Of course it is.
It’s also intersting how many people are claiming:
“Boy, WeWork is such a scam. Their finances are a mess. *I* would never be that stupid as to invest in a company like that.”
Maybe Greed isn’t Good anymore, but one loss doesn’t do much to change its winning record.
Was hoping for an update on the bull bear football game
“Bulls QB APPL throws a Hail Mary…AMZN bobbles the ball in the endzone and is quickly tackled and the ball pops out. Refs rule it a touchdown!
Instant replay shows AMZN never had full control of the ball, but they aren’t going to overturn it in the Bulls home stadium with these rabid fans.”
Of course, all Bull games are played with homefield advantage.
Sounds like the Bulls represent the GB Packers in this story
You must get tired of yourself.
… and statistics.
Exactly what they want you to believe – and most do.
For a more accurate view, adjust that chart for inflation. The real inflation; not the FASAB 56 numbers.
Just for perspective, 50 years ago the average oafish shlub could raise a family with just dad working 1 full-time job. A gallon of gas: 25 cents.