Can someone please take a look at
this thread and the claims that the OP is making and then specifically take a look at
this reply of mine? I've done a lot of chemistry mathematics in my life, but it's been a hell of a long time since I've done calculus and although I took a course in econometrics in college, that also was a long time ago and it didn't teach me much about TA and how calculus is applied to stock market analysis. I suggested that the chart he presented wasn't inflation-adjusted and that the Dow components have changed over the years. I'd like to hear some smart people's opinions on that.
Specifically, OP is claiming that the DJIA is linear from 1989-present and that
Adjusting the chart for inflation would only lower the slope of the linear trend. My point is not the % gain (the slope).
...and if I'm not mistaken, that's completely wrong, as I explained in my last post there. I'd like to know if I'm correct from some people who know how to do serious math as it pertains to the stock market. I know we've got a lot of brilliant folks here and I'd like to know if what I'm reading in the linked thread is a bunch of BS or if it has some validity.
Since Economics is full of spammers, this is going to be self-moderated. Shitposts will get deleted, while thoughtful posts that teach me something will most likely earn some merit. I'm a merit source but I'm not sure how many sMerits I have left. If I run out and think someone who posted here deserves merits, I'll keep track and merit him when I get topped up.