S&P Outperformance, from Alston Mabry
At the March '09 low, the S&P total market cap was about $5.3T (if I'm doing the math right).
Since then, according to Yardeni, the S&P has returned about >$4T to investors via buybacks and dividends.
Zubin al Genubi writes:
Bonds moving with equity rather than opposite.