Thursday, April 11, 2013

It Actually Does Look Different This Time

You can see what a marvelous time 2000-2002 was for fundamentally oriented short sellers.
That is if they hadn't gotten wiped out being early in '98 and '99.
From Pragmatic Capitalism:

 http://pragcap.com/wp-content/uploads/2013/04/cp.png
In addition I never realized you could plot the S&P and profits using the same units on the axes.