Ghost of Igloi wrote:
Case in point: the down goes the DOW thread. Pessimism leads to missed opportunities
S&P 500 return last 20 years 3.9%. No.
Not entirely sure what your point is, but in any case it's tremendously undermined by the dual facts that:
1. Your number's way off.
2. Even if it wasn't, it'd still be massively misleading, by purposely cherry-picking a period that starts precisely at the point of the most ridiculous broad-market overvaluation in the last 90 years.
20 years from today we could be referring to 2019 market as being overvalued as well