via @OccupyWisdom:
1/ NOMINALLY
Appears to be some serious returns here. This is the permabulls favorite display. It looks so #bullish.
But the Bulls always forget #inflation, and taxes. pic.twitter.com/g1nxaEBbIw
— OW (@OccupyWisdom) August 23, 2018
2/ INFLATION ADJUSTED LOG SCALE
When you look at it this way, you can see that there is barely a return in this index in the last 18-19 years. Throw in capital gains taxes and it could very well be sideways or negative (depending).
Still looking so bullish? pic.twitter.com/oQGHOFvbSC
— OW (@OccupyWisdom) August 23, 2018
3/ SP500 IN #GOLD
What happens when you price the SP500 in real #money?
Priced in gold, the SP500 is making new highs only in fantasy land. The SP500 is currently at 1961 levels. pic.twitter.com/XCIkir0TMN
— OW (@OccupyWisdom) August 23, 2018