Are these chart adjusted for population size? How about GDP growth, isn’t that a better metric than S&P appreciation? How about income inequality? How about the % of the population on food stamp and welfare? What about labor participation rate? What about the fed pumping money and fed fund rate being at 0% affect S&P appreciation? What about the deregulation of the banking sector under Clinton? Doesn’t that also affect the volatility of the stock market? How about real income growth? S&P appreciation tells me richer people are getting even richer. Is that your point?
