Down goes the Dow

Actually you will have to click on "Max" above the chart.

That chart after you click on "Max" shows the Dow going from 3,200 in 1992 to its current 34,000. Pretty good indication of how well the market has done over the last 30 years, despite Igy's contrary viewpoints.

Only you and Flagpole use the Dow as a benchmark. A quick Google search gave this response to your earlier point:

“There have been three periods of at least 13 years when the S&P 500 underperformed what is considered the riskless benchmark, one-month Treasury bills — the 15 years from 1929 to 1943, the 17 years from 1966-82, and the 13 years from 2000-12.”

So based on these facts, the question should be are we closer to your rosy view of the future, or to my historically accurate and factually based one? Place your bets.

Okay then, we won't look at the Dow. Let's look at the S & P:
The average annualized return since its inception in 1928 through Dec. 31, 2021, is 11.82%. The average annualized return since adopting 500 stocks into the index in 1957 through Dec. 31, 2021, is 11.88%. That is not even figure in reinvested dividends (I believe) which would add another 1% return. So pretty much 13% which is amazing.

That just shows how consistent the S & P has been.

95 years of 13% annualized return (on average). What other investment has done even half of that?

OK, that is obvious and indisputable. Of course that has little to do with the massive bubble created by politicians and unelected bureaucrats, and where we go from here. And by the way, also indisputable is a calendar change does zero to change the current negative environment for stock investors.

Higher retail trading volume than the meme stock period of 2021. That turned out well.

I never coached high school track, but consider the group among the best track and field coaches out there. I have never been slow, and I would tend to believe my youthful times and age graded masters times are better than 99% of LRC posters. Even during four and a half months of chemotherapy five years ago I had a full head of hair. Lastly, I do admit to posting frequently, probably on par with Sally, agip, and Flagpole.

FYI. NASDAQ Feb 2000: 8,209.81. Feb 2009: 1,927.60.

Lost 76.5% over a nine year period.

"No matter what you pick - investors have raked in enormous profits from the stock market."

Not really.

Are you referring to Igy?

I believe he was a college coach. And ran like a 2:18 or 2:19 marathon. And has posted pics of himself before … 70 years old and a thicker head of hair than I’ve ever had.

He’s a permabear … but a straight shooter. You seem unhealthily angry.

And, no new durable high in NASDAQ Composite for over 16 years (3/2000-7/2016).

The magnitude of this bubble is far larger considering all stocks, bonds, housing, art, and crypto. To discount this period as being part of a growing future trend is ignorant of the facts, and really quite foolish. But that is coming from a permabear.

Thanks. I find “straight shooter” to be the best compliment one could give me. At least I try to be. Interesting that the poster said I was “bitter at life.” I believe if you challenge someone’s belief system it makes them uncomfortable. Leads them to draw conclusions that are not relevant to the conversation.

Yawn.

Let’s revisit all of this year end. Should be fun. Best to you.

Igy

Re Gary:

"contemplate the crucial fact that market ‘insurance’ itself is critically, reflexively involved in the probabilities of its own outcomes...& so it is that, when people are all hedged, market events tend not to realize, & when they are not they tend to. Hence Brexit Hence 2016"

OK, I know you're thinking, gente WTF? Let's look at some option info on AAPL and AMZN.

Just look at each put/call ratio; who was hedged and who was betting heavy to the upside?

You were a slow nobody with no accomplishments at OSU. Then you were a failed coach. Clown status. Now you spend your time being an arrogant prick when you’re always wrong about the market. You spend your entire life here trying to act like a know it all. Nobody respects or likes you on here or in real life.