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Nothing Happens, Then Everything Happens

On the periodic nature of progress and destruction that occurs in both markets and in life. To illustrate this concept I am going to show you a different way of looking at price charts.  First, I am going to show you the growth of $1 for the S&P 500 from 1990-2018 (using a log scale for the y-axis).  However, I will also include what I am calling a “high watermark.”  A high watermark represents the highest point ever reached by the S&P 500 as of that point in time.  This high watermark (in green) stays at its level unless it is surpassed at some future point in time:…[  ]

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Posted by Mayberr

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