Monday, March 9, 2009

Inflation Adjusted w/ Dividend S&P 500

The Big Picture posted a chart from Crossing WallStreet showing the inflation adjusted Dow. Mike asks:

Anyone know what it is with dividends?
Not the Dow, but detailed below are returns of the S&P 500 with dividends going back to 1973, both cumulatively and by 10-year rolling average.


10-Year Rolling Period

Not pretty, but 1996 is not as bad as The Big Picture's title “Inflation Adjusted Dow is at 1966 Levels” might imply.

Source: BLS


  1. Could you add returns on treasuries to your charts for comparison?

    Bloomberg ran a chart of the day on this topic last week, but I can't access the chart and don't really understand the article.

    Cheers & congrats on the first anniversary!

  2. Could you present the same plot but with inflation-adjusted gold overlayed on the data? It would be interesting to see if stocks really do outperform over the long-term...

  3. How many times has the 10-Year Rolling Period turned negative in history?