Wednesday, February 6, 2013
CPI Adjusted S&P 500
As the S&P 500 continues to approach its former all time high, below is a long term chart of the index adjusted for CPI. While we're not too far from the 2007 highs on a nominal basis, the index is still about 11% lower than it was in 2007 on a CPI adjusted basis and 25% lower than the all time high reached in 2000. The armchair technician in me has drawn a line to point out that we're approaching inflation adjusted resistance.
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