HISTORICAL S&P 500
REAL PRICE, DIVIDENDS, PE RATIOS
1880 - Present
Most investors are unaware of the long term history of the stock market. This is especially true of the market adjusted for inflation. The following data, courtesy of Prof. Robert Shiller, Yale University and Standard & Poors Inc., will allow you to see the connections between interest rates, real price investments, and PE ratios. As you will see, today's market is in a real, secular down trend which began in 2000.