Presenting Crestmont Research's Much "Borrowed" S&P Returns Since 1920 Chart

Tyler Durden's picture

You have seen it it in the New York Times in a much abridged version...So here it is in the original, in both real and nominal terms. Via Ed Esterling, Crestmont Research. (and yes, full size requires much zooming).

Nominal...

 

And Real - not nearly as hot...