I keep seeing this chart pop up all over the place as evidence that share prices always go up irrespective of what world events assail us.
That is not what it is telling you. It is telling you that indices which are wrought with survivor bias and constructed in such a manner as to deliberately drift up over time go up. It is not evidence that shares always go up over time.
It is however evidence that the people reposting it dont have a clue.
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Looks to be an inverse trend to the current Australian Test Team batting performance. In common is that they are both suspect!!!!! LOL
The one big difference is that the Australian cricket team understand they are performing poorly.
Unfortunately the Australian batsmen lack survivor bias