However, I did look at a dividend adjusted total return graph of the S&P 500, and the 2000s were the worst decade since the great depression, so they may be spot on.
It is my suggestion to not use dividend adjusted data. Its not that dividends are not important, they are! But when they adjust the data for the dividends/splits, you end up with numbers that never happened in real life. Better to use raw data and make your own adjustments.
Come see me at Systematic Investing group #board-966 lets talk formula plans.
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