[mrsmith]

Interesting, I admit.

How much ‘new money’, which is not ‘new wealth’, has the Fed created in that time?
Haen’t the acceptable P/E increased in that time too?

It’s not a simple subject I admit.

[semimojo]

How much ‘new money’, which is not ‘new wealth’, has the Fed created in that time?

I don't know - probably a lot - but if they were over printing money you would see it in inflation numbers. The chart I posted is after inflation.

Haen’t the acceptable P/E increased in that time too?

It's been up and down. It's a little high now but well within the historical range.

S&P 500 PE Ratio by Month.

It’s not a simple subject I admit.

It's complicated, partly because there are various ways to measure wealth.

But no matter how it's measured, I think Apple and Microsoft have generated a lot.