Learning from History

Jul 2008

Throughout the history of U.S. stock trading, all bear markets eventually ended, and all were followed by up markets.  Further, the unmistakable long-term trend of the U.S. economy (and, thus, the stock market) has been upward.  Unless some future development occurs that’s more impactful than two world wars, a Great Depression, dozens of recessions, high and low interest rates and inflation, shortages and surpluses of virtually every commodity, and political machinations of all sorts, the long-term economic future should resemble the economic past.