11-05-2015, 12:49 AM
They're still using that chart on page 4 they did in the earlier report. The start the 90s bull in 1997 yet when you look at a long-term SP500 chart (and my own feeble memory), I think that bull started in earnest in 1994 in the 440 range -- closer to a 250% gain (4 bagger). I would really go back to the October 1987 crash since I can't recall 2 consecutive quarters of GDP contraction in that time frame. Now THAT was a bull market and I'm still amazed at that run.
I don't know if JPM does it to scare some customers into buying some of their "safe" fixed income products because of the outperformance since 2009 or if there's some technical reason to use 1997. I'm glad I'm more focussed on the dividend stream than prices.
I don't know if JPM does it to scare some customers into buying some of their "safe" fixed income products because of the outperformance since 2009 or if there's some technical reason to use 1997. I'm glad I'm more focussed on the dividend stream than prices.