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by DonsDiscountGas
892 days ago
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The stock market dropped 30% from Feb-March 2020, and then recovered it's Feb value by Aug 2020. The Feb-Aug "increase" is really a recovery. Endpoints are always a little arbitrary but this was really egregious. My own end-dates, picked for convenience rather than ideology[0]:
S&P500 Jan 2 2020 close: 3,257
S&P500 Jan 2 2024 close: 4,742
Increase: 1,485, which is 45% up from 2020, annualized that's ~9.7% (1.45^0.25). That's actually the historical norm. There's a lot more in this report than just that one headline stat, but one does wonder about the reliability of everything else as well (and I can't fact-check everything). If we assume the worst they do is cherry-pick endpoints that means graphs could be trustworthy, but basically any numerical text statement (of which there are many) is unreliable. [0] I guess I can't prove this but I picked the dates while only having an approximate idea of the numbers. |
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