Maybe that they if you assess that the S&P long term average is around 10% - nominal, then....it has to average out. If it has been higher for a long period, expect it to be lower - i.e. revert to the mean. I would expect this if I held the S&P. Can’t be unhappy averaging 10% nominal over the long haul.
I always think where can money be going now? Tons of money can’t be spent worldwide. Bonds? It will take 24-35 years at the present rates to make my current balance. CD’s or money markets? I made .13 last month on cash. Alternative investments like buying real estate with a low rate lone? We’re down to one residence now. My guess is spending to make up for a lost 1.5 years along with low rates will drive earnings and employment up until the next unknown. It seems to be the only game at this time with a chance to beat our personal inflation rate.
The S&P index does hold some of the best companies in the world. Amateurs and professionals seldom can beat it. If we have disaster after disaster the next 10 years like 1999-2010 it doesn’t matter. I’ll be one of the spenders by the way, times a wastin.
I’ve been a growth chaser since McDonalds and Sam moved into the big city and computers were as large as my house and they advertised for key punch operators. Growth never ends it just pauses to catch it’s breath.
Here's some performance chasing that matters:
A poster asked me off-forum: "So ... is Tiz the Law (race horse) the real deal? Getting my family organized for our annual bets!"