This week we received two charts that are so very instructive about the industry we are part of. Here is the first:

The source for this chart is Bloomberg. The story with it was the traditional sell side story, basically that the market is soaring but that it is not too late to join in. Appealing and compelling! Get on that train today!

The other chart we received was also from Bloomberg, covering the S&P 500 index going back to January of 2007 instead of February of 2009. 

So, the part from February of 2009 looked identical but the left side had a very large fall included. The point of that chart was to show that, from January of 2007 through  the late 2009 you still needed more rise in the market just to break even. Not compelling! Not appealing!!

Which chart is more important to an investor-the one showing that they need to hurry and join in the meteoric rise or the one that shows that they still have significant market losses and no compounding of your money? You be the judge.