Unexpectedly Intriguing!
22 October 2009

Just for the sake of putting the stock market in proper perspective, let's take a look at the S&P 500 from January 1871 through September 2009, as plotted against the index' trailing year dividends per share. First, in normal scale:

S&P 500 Average Monthly Index Value vs Trailing Year Dividends per Share, January 1871 through September 2009, Normal Scale

And now on a logarithmic scale:

S&P 500 Average Monthly Index Value vs Trailing Year Dividends per Share, January 1871 through September 2009, Logarithmic Scale

Ain't reversion to the mean grand?

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