To be fair to the equities stans: Dividends during this period range from 1.1% (Dot Com) to 6.2% (1982), with most of the time being between ~2-3%.
Currently SP500 dividend is 1.14% just a hair higher than DotCom 👀
Now, in order to be even more thorough, you’d have to analyze price inflation for things-you’d-buy-with-your-equity-returns-and-dividends because M2 doesn’t necessarily mirror price inflation or perfectly measure the money supply. House, higher education, health insurance and medical care, etc. My gut says those outpaced it.
Nonetheless, you’d have to be out of your fucking mind to ape into or start DCAing equities at these valuations…especially when barely anyone has realized that we already discovered perfect, global money.
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