Stock brokers/investment managers like to claim that the market averages 7% per year, long term.
At 7% per year, it will double roughly every decade.
Given that the DJIA was around 1000 in 1980, at 7% per year, it should hit 16000 around 2020.
It could drop 8000 and be where it should be given the historical average.
Would have people jumping out of windows, but it would be where the long-term average would have it.
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Give me your best explanation why it is tanking day after day.
Popping bubble?
Why do gamblers go through cold streaks? The stock market is an international gambling casino.
re: “Give me your best explanation why it is tanking day after day.”
You will notice it was UP the day after the election, then DOWN every day after that during vote manufacturing by the dems and since ...
“Give me your best explanation why it is tanking day after day.”
Democrats won the house. Republican voters just realized that the Republican congress pissed away two years. One year waiting to see if the deep state would successfully remove President Trump.
If it weren’t for what Trump has accomplished, it would be really depressing.
A strategy of keeping it in the 23000 to 27000 range until the curve catches up to the daily average. You suggest 2020 could have been 17000 or so. I would add to that the growth that comes from innovation. My guess is that 23000 is about right for 2020.
The peak/valley strategy is instead of busting the bubble in stocks created by QE and 0% interest and 850 billion stimulus from 2008 to 2016