When we step back and take a look at The Really Long Run, we see a much clearer picture. The deep historical perspective as it pertains to the Dividend Yields on Equities vs Constant Yield on the 10 yr Bond may be revealing.
Equities have returned more from 1871 to 1956. An amazing 85 year outperformance run! After crossing over in ~1956, the 10 Year US Bond had a spectacular 56 year run of outperformance vs Equity Dividend Yield including all of the most recent bull runs.
Are Equities on the verge of another run of outperformance? (Note this is a very imprecise timing tool, measured in years and even decades, not nano seconds)
Equity Dividend Yield VS 10 Yr US Bond Constant Maturity Yield.
click for giant chart
Source: Global Financial Data
Thanks, Ralph !
Ralph Dillon firstname.lastname@example.org
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.