Friday, January 4, 2008

5 Year Chart Of SPX

Just for some perspective. It basically doubled over the last 5 years.



I'm working on my "daily routine" post. I'll have it up by Sunday.

NOTE: I won the Peanut Of The Month Award over at "the Fly's" place. Thanks to all who voted for me.
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3 comments:

  1. AnonymousJanuary 5, 2008 at 1:19 AM

    For an asset to double in 5 years it must grow at about 14.5% compounded annually. Not exactly an obscene figure for an index like the S&P 500.

    ReplyDelete
  2. Dinosaur TraderJanuary 5, 2008 at 9:23 AM

    mdawsz,

    No, but I think the historical average is more like 8%.

    I may have just made that up.

    Either way, my point is that even a 50% retracement would mean that anyone who bought in 5 years ago is still up nicely in their investment.

    Of course, anyone who bought in during the last year would be screwed, but it just means they haven't been reading all of the spectacular stock market blogs out there.

    -DT

    ReplyDelete
  3. matte351January 5, 2008 at 5:22 PM

    You left out China, Russia, and INDIA which are up 5x more.

    ReplyDelete

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