- The only comparable period for this market is from the fourth quarter of 1999 to the third quarter of 2000 - the dot-com bubble, which was another period of speculation fueled by loose monetary policy.
- Though at the end of the quarter, the S&P 500 was priced to return -0.91%/year over the next ten years, at present that value is -1.41%/year. None of these figures are adjusted for inflation.
- The Dow 36,000 crowd will get their day in the sun, maybe even this year, or it might not happen until 2035.
For further details see:
Estimating Future Stock Returns, June 2021 Update