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S&P 500 vs US 10 Year Yield to 1791
Posted By Barry Ritholtz On April 26, 2013 @ 12:00 pm In Fixed Income/Interest Rates,Investing,Think Tank | Comments Disabled
S&P 500 composite vs US 10 yr yield to 1791 (Logarithmic Chart)
Click to enlarge
Source: Global Financial Data 
Have a look above at the visual “Boom Bust nature” that the markets, with a little help fromt he Fed and Human Psychology — helps to create. If we overlaid a chart of volatilty, we would see huge spikes every 5 or so years.
It is worth noting the major bubble of the Equity side: 1929 post WW1 bubble, 1996-2000 tech bubble, 2003-07 credit bubble, olus whatever the hell you want to call the current QE driven thingie.
Critiques of Central Bank intervention do not have a whole lot of work to do to place much blame on the Fed for these last 3 boom & bust cycles.
Ralph M Dillon (firstname.lastname@example.org)
Global Financial Data
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 Global Financial Data: http://www.globalfinancialdata.com/
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