An Inteseting Statistical Series

[Enrique Diaz-Alvarez]

Paul Henry Rosenberg wrote:
> 
> Enrique Diaz-Alvarez wrote:
> 
> > It seems like wages are inflation-adjusted, but the Dow is not. It would
> > be interesting to rerun the numbers, and I suspect you will get a _much_
> > more impressive series if you start in 1974 (bottom of bear market,
> > wages peak).
> 
> Not only is the Dow not inflation-adjusted, it's composition is changed
> over time to get rid of "mature", lower-performing stocks and add new,
> dynamic, higher-performing ones.
> 

I was just saying that it wouldn't be a fair comparison unless you use
either nominal wages or inflation-adjusted Dow numbers.

-- 
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