The S&P500 was at 735 in 1996 and is at 735 in 2009. In 2009 a dollar is worth just $0.74 compared to a dollar in 1996. This means in actual buying power, the S&P500 is in reality at 544 today if inflation were not a factor. The S&P500 would need to be at 933 today to be worth the same value as 735 in 1996.
Sunday, March 1, 2009
Thought to Ponder
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