For those of you who are trying to get your mind around YCC and the history of the FEDs actions, this paper is exceptional: 

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr913.pdf

 

Very interesting chart in the paper: 

S&P during that period: 

S&P Valuation: 

Industrial Production: 

After spending time talking with John Fadool, I have been trying to think through financial history. 

Here is the link to the video if you didn't catch it: https://youtu.be/5zPYfC0Q0tM

I am just spending time thinking through each decade and comparing every chart I can find. No conclusions yet, just observations.