S&P500 versus CRUDE - 1999 until today - weekly
In the throes of the internet boom of 1999, with hot IPO's popping hundreds of percent on their opening prices, scoring millionaires by the thousands every week... You could have walked away from the stock market and instead, plowed your money into oil wells and crude oil futures instead. Here is a chart of how your money would be doing had you been clever enough to see that monstrous growth in demand for crude would elevate prices for the next decade or more. And that lowly chart line at the bottom? That is the S&P500 over the same time frame.
The S&P500 is up less than 100% (more if you count dividends, and after-tax reinvested dividends).
Meanwhile CRUDE OIL is up 555% (no dividends, just a lot of money. And it was 1100%+ at one point or 11 times your initial stake in 1999).
The other point I'll make in another chart of crude oil versus the S&P500 is that falling crude oil can be a good setup for a rally in the S&P500, which we have seen lately.
Tim 8:00PM Wednesday, November 12, 2014
The S&P500 is up less than 100% (more if you count dividends, and after-tax reinvested dividends).
Meanwhile CRUDE OIL is up 555% (no dividends, just a lot of money. And it was 1100%+ at one point or 11 times your initial stake in 1999).
The other point I'll make in another chart of crude oil versus the S&P500 is that falling crude oil can be a good setup for a rally in the S&P500, which we have seen lately.
Tim 8:00PM Wednesday, November 12, 2014
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