Daily Charts - Stocks go up in the long-run
@Callum_Thomas:
1.Stocks go up in the long-run, you've seen the chart with the near-straight up to the right sloping line...BUT: there are cycles and entry-point matters a lot. This chart shows how even longer-term returns (10yr annualized real total returns) can swing wildly from very good to pretty bad $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Image2.Absolute Valuations help determine future absolute returns... AND Relative Valuations help determine future *relative* returns: Image3.Best Stocks of all-time?=those who stuck around long-enoughmost companies were 70-90yrs+ old>> big win for "time in the market"(obviously some survivorship/selection stuff going on here, but interesting nonetheless)From the paper