The Stock Market Has Been Dead Flat Since January 1

Every once in a while I like to adjust the S&P 500 for inflation just to see what it looks like. It’s something that more people ought to do regularly, since it’s the only way to properly represent a time series of money values. Anyway, I did it today because the stock market is in the news, and here’s what it looks like:

Adjusted for inflation, the S&P 500 is at precisely the same value as the first day of January. It has increased 0 percent.

I just thought that was interesting enough to make a chart of it and show it to everyone. As always, this might mean the market has peaked and is getting ready to turn bearish for a while. Or it might mean that equities are now a relative bargain and the next year could be a strong one. I don’t know! If I did, I’d be a billionaire and I wouldn’t be writing this blog.

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WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

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