re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today

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Let’s ignore CPI and look at something that is very public and very easy to check - gasoline. The S&P 500 has outpaced the price of gasoline by 6% in the last 3 years.

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That’s fair. A solid point. What about food, rent, and vehicles? I would say they’ve all at least kept pace with, if not surpassed, the S&P.

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Simply out, it’s ridiculous to downplay the market like Sloane does by arguing “yeah, but dollars are worth less.”

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I get where you’re coming from, but what is incorrect about his statement? The dollars are worth less. It’s not the only problem, of course. We have seen a stock market run fueled almost entirely by the Magnificent Seven while the rest of the S&P 493 languish. Margins and revenue for most are down. Debt is up and popping some like grapes.

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The fact of the matter is the majority of posters on this board have higher real net worths today than they did 3 years ago.

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If they weren’t borrowing money for investments I would have doubts about this. These index appreciations are at best keeping you even with actual inflation, not beating it. Individual stocks will, naturally, over and under perform.