Home › Forums › Financial Markets/Economics › S&P500 dropping to 600 by spring 07 › Investigate further. S&P
Investigate further.
[img_assist|nid=1399|title=S&P and HMI|desc=Plot of S&P 500 and NAHB/WF HMI index.|link=node|align=left|width=400|height=269]
Note the >50% drop in HMI in 1994, which preceded the huge run-up in S&P 500.
Like the “journalists” that spew real estate mis-information you need to look at the rest of the story and question the assumptions.
Note: I plotted the S&P 500 Close price adjusted for dividends and splits per Yahoo finance
