I know and I know it can’t always be going up. That is a very unrealistic expectation sure to end in disappointment isn’t it?
You have to pick the measurement periods right I suppose.
I agreee..... just today to a year ago today right now... DJIA is up 4.6%. It is still down a little for calendar year. Who knows the future? Short term future and long term future are always two different things. Unless we want to believe (and it may be right to believe) but unless we want to believe that the “global collapse”... the economic ruin of the united states is here.... the long term expectation has to be based on the past. The past says the market goes up. Everything gets more expensive. Short term is very uncertain. But yeah, if we believe that economic Armageddon is upon us, then the past will have no relevance for long term or short term.
>> it can’t always be going up. That is a very unrealistic expectation sure to end in disappointment isn’t it?
Yes and no.
The share price of companies that actually build wealth — and there are more than a few of those — can in theory continue to rise indefinitely, by definition, because they’re building wealth.
But there are obviously cases where there is no wealth being built yet stock prices rise due to perception of increased wealth and pure speculation on rising price trends. Those increases are NOT sustainable.
Just my 2c worth but it’s reasoning based on sound economic principles.