1. When I opened the Dongcai webpage today, I saw an article that surprised me very much, the title of this article is: The Shanghai Composite Index and the Dow are not comparable. The reason for the article is that the starting point of the Shanghai Composite Index is very low, and the Dow is 127 years old, so there is no comparison, and the article also lists a large number of reasons, and finally comes to an inexplicably surprising opinion: the compound annual growth rate of the Shanghai Composite Index is almost twice that of the Dow. From the editor's point of view, the Dow Jones is simply pediatric compared with the Shanghai Index, which is not worth mentioning, the Shanghai Index is far ahead of the Dow, and we should all praise the Shanghai Index.
Second, in fact, there is no comparison, and we don't compare the Shanghai Index with the Dow, it's just that this editor has his own title to sensationalize the new, and the calculation of the compound growth rate of the Dow Jones in 127 years is no longer meaningless, which is like inventing a product after several years of hard work and decades of hard work before it appeared, and on the basis of the invention, further products soon appeared, is it meaningful to compare the advantages and disadvantages of the two? So I don't advocate comparison, it is really meaningless to compare 127 years.
Third, in fact, we have to focus on the present and look forward to the future, instead of dwelling on the distant past, let's take a look at how the global stock market is in the past 2023.