Maybe? i removed the top players in this graph. I tried to weight the RSP to match today's SPX close roughly, then subtract one from the other, leaving only an inverted weighting--smallest players have weight while largest market cap goes to zero. here are the results. the bulk of the market died years ago?
Comment:
ignore the actual dollar values y axis. i can't seem to edit the chart, but if i use 30.9 (which is a better estimate of today's eod) we are not in the negative.