The Stock Market Looks Totally Normal

I’m having a slow start to the 2020s. For one thing, this is my 8th decade, and that seems wrong somehow. I suppose this is what I get for being born near the end of a decade and then blogging near the beginning of another, but still. Eight decades!

Well, let’s start out with a chart, shall we? Here is Tim Duy’s log scale of the stock market, which suggests that everything is ducky. Stocks seem to be rising in value at about the same rate as they have for a long time (outside of the dotcom bubble, of course). What this means is that if you buy stocks because they don’t look overvalued, and then you lose your shirt, you should blame Tim. Just don’t blame me.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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