S&P 500 Inflation Adjusted by Year
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S&P 500 Real Price by Month

A big problem with the SP500, is that prices are not inflation-adjusted. For inflation-adjusted comparison, see Inflation Adjusted S&P 500 above.

Sources: Standard & Poor's Robert Shiller and his book Irrational Exuberance for historic S&P 500 prices, and historic CPIs.
Note
This is not financial advice.

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