![]() ![]() ![]() ![]() Since then, they have been recovering, and in late 2017 are about where they were in late 2007.Ĭlick on the chart to download a pdf DOW's Performance Since 1900Ĭlick on the chart to download a pdf DOW's Recent Performance:Ĭlick on the chart to download a pdf DOW ETF since 2002, showing performance in USD and gold, adjusted for dividends paid: In reality (aka priced in gold), stock prices have remained fairly flat from 2009 until July of 2011, when they began falling to levels well below their 2009 lows. Yet when priced in gold, we see that all of the "robust recovery" was the result of more dollar debasement, as trillions of dollars created by the Fed's "quantitative easing" and bailout programs flood into the market. Since the bottom in March of 2009, prices have risen strongly when measured in dollars, seen by many as proof that the recession is over and recovery has begun to take hold. Priced in gold, they declined from about 800 grams to 220 grams, a 70% loss from 2003 levels. During 2008 and early 2009, stocks gave up all of their gains since 2003 when measured in dollars. Because virtually all of this gain was due to depreciation of the dollar, however, the gold price of the stocks actually declined slightly over the same period. From a high of 1400, they have fallen to the 280-290 level, a drop of 80%.įrom 2003 through 2007, stocks appeared to perform well when priced in dollars, roughly doubling in value. US Stocks reached their peak in 1999, and have clearly been in a bear market since 2001. ![]()
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