~ According to the folks over at Stingy Investor, we may be close (within 50 points on the S&P 500). They come to this conclusion when factoring in inflation and comparing this bear market with previous bears (1929-33 excluded).
Party like it's 1968
After another down day on the markets we're in shooting distance of 1968 prices on the S&P500. That is, if you take inflation into account.
The following graph shows the real S&P500 price index with current price levels highlighted by the green line. The red line shows what we'd be in store for if we suffer from a repeat of the 1929-32 collapse.
Today I want to highlight the yellow line which reflects a further 10% decline from today's price. That's about what it would take for the S&P500 to be roughly even with its inflation-adjusted level in 1968 based on monthly prices.
After another down day on the markets we're in shooting distance of 1968 prices on the S&P500. That is, if you take inflation into account.
The following graph shows the real S&P500 price index with current price levels highlighted by the green line. The red line shows what we'd be in store for if we suffer from a repeat of the 1929-32 collapse.
Today I want to highlight the yellow line which reflects a further 10% decline from today's price. That's about what it would take for the S&P500 to be roughly even with its inflation-adjusted level in 1968 based on monthly prices.
Read the rest here.
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