Birinyi’s S&P 3200 Call - Bull From A 30-Year Bull
August 05, 2015 at 05:23 AM EDT
In inflation-adjusted terms, the S&P 500 index rose by 6.2% per annum over the last three decades. That compares to just a 2.2% annual advance for real GDP, meaning that the market has risen nearly 3X faster than national output in real terms.
