Volt, my biggest problem with the 1975 to now chart is that the All Ords or XJO (even more so) are a collection of winners. Those companies that have failed just disappear from the index and in the case of the XJO, the unsuccessful get replaced by the successful ( on a quarterly basis).
If you redo the chart but account for the financial losses of the losers then I bet we are vastly closer to if not below the trendline.
xjo weekend zoomba lounge, page-180
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Last
7,816.8 |
Change
-12.900(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |