S&P 500 in 1995(culvert.jottit.com) |
S&P 500 in 1995(culvert.jottit.com) |
A dramatic rise like the graphs show must be a result of something serious occurring in the economy (global or otherwise). Any hypothesis are welcome.
Or it was the start of the housing bubble.
Anyway, like the Dow - but perhaps to a lesser degree, the S&P 500 is a river. Poorly performing companies are replaced with better performing companies, so comparing one year to another is not Apples to Apples.