It has been several months since we've featured our chart showing the acceleration, or rather, the change in momentum, of stock prices and dividends per share, including expected future dividends per share, for the S&P 500.

A lot has happened in that time. First, the change in the year-over-year growth rate of stock prices appears to have gone through a spike in August 2012. We say "appears" because this effect wasn't a the result of what we would describe as a "noise event", where investors react, or really overreact, to an event in the news by putting the market though a major swing in stock prices, kind of the way a dog on a leash might react to the sudden sight of a squirrel while being walked.

Accelerations of S&P 500 Average Monthly Index Value and Trailing Year Dividends per Share, January 2004 through September 2012, with Futures through 2013-Q3, as of 22 October 2012
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7 Comments So Far
jgoebel Wrote: Oct 30, 2012 5:19 PM
The stock market is nearsighted right now because of that fiscal cliff facing us in January. No one can see the drop: 1 foot or 1 mile?
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thabber Wrote: Oct 30, 2012 4:29 PM
"I have a Five point plan to get this economy going again, for detail see the sentence under the dashed line."

Romney/Ryan 2012

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"I have a Five point plan to get this economy going again, for detail see the sentence above the dashed line."

Romney/Ryan 2012
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None1257 Wrote: Oct 30, 2012 1:17 PM
"If" a person is putting a certain percentage of their money into a stock mutual fund every payday, what would be their average rate of return? Would it fluctuate widely depending on when they started, or would it be about the same regardless of when they started?
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vlrqwer Wrote: Oct 30, 2012 11:37 AM
4 in benghazi + one in fast and furious compared to how many dead americans in iraq?
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vlrqwer Wrote: Oct 30, 2012 11:38 AM
4 in benghazi + one in fast and furious compared to how many dead americans in iraq?
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vlrqwer Wrote: Oct 30, 2012 11:26 AM
Disaster coordination is one of the most vital functions of “big government,” which is why Mitt Romney wants to eliminate it. At a Republican primary debate last year, Mr. Romney was asked whether emergency management was a function that should be returned to the states. He not only agreed, he went further.
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Blair31 Wrote: Oct 30, 2012 11:01 AM
Not me. I don't care. I don't invest.
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