Very simply, here are three charts. They are all charts of the same thing, the S&P 500, widely regarded by professional traders to be the most accurate view of the market. But, you may ask, "if they chart the same thing, over the same period of time from 2000 to the present, then why are the graphs different?" I’m glad you asked. See below the chats for the answer.
Each chart graphs the S&P 500 according to a different unit of measurement. The first one uses U.S.
Dollars; the second uses the Euro; and the third uses gold.
I’ll leave you to ponder the implications.