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No, the two numbers are not unrelated, but they cannot be meaningfully compared the way he is doing it. You definitely couldn't say "one is up x% and the other is up y%, therefore...". The chart itself shows that such conclusions will often be proven wrong.
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Of course, this is not a strict mathematical relationship. I’m just doing it as an indicative one. Money has multiple places to go, with stock markets being one the primary destinations.
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Any guaranteed model is doomed to fail. Asteroid mining is going to upend the apple cart, for instance. It looks reasonable, though.