In just under 50 years, the DJIA has gone from a low 616 to almost 41,000; a 66.5 times increase. Is that a bubble?

[Kelley1]

Adjusted for inflation that is about a 6 times increase and the low was after the DJIA had a big fall and, based on how quickly it doubled, it was under-priced.

[Dargil]

I am not a professional economist but the CPI is now about 300. It was 50 in 1974 a 600% increase. Looks like Le Chiffre in Casino Royale had raised the bet for years. Seems inflated.

[Kelley1]

The CPI is always understated because the cost of living increases for social and military and government pensions is based on the CPI so, it is to the government's advantage to understate the CPI. To get an accurate inflation rate increase the CPI by at least one percent yearly. Therefore, multiply the 50 or else the 300 by 1.65.

[MicahRaine]

Based on that chart, it's not a bubble. That chart has plenty of chops which generally means it is reliable or "steady."

[strateguy632]

No, as population increases we expect productivity increase so value increase.

Not a bubble, real value. For stock trading.

Note the failure to grow 1976 to 1980 during carter, dnc policy, but normal growth even better than normal during reagan 1980 to 1988.

[ChiTown33]

A 50 year bubble? Not likely. There have been MANY market corrections over those 50 years. But it does beg the question how long it can continue this trajectory.

But I reach retirement age in about 15 more years.. So as long as it holds out till then.🤣

[exitseven]

It is not really a bubble. The companies listed on the major stock exchanges are pretty much worth what their share prices suggest.

[beefcakebradybatson]

Almost certainly.