You seem uninformed about what really drives the markets. The markets move either up or down on corporate earnings. End of statement!
Earnings of course can be impacted by events worldwide or even to an extent local depending on the company. If people are buying stuff then companies do well their earnings increase people see this and buy the stock making the stock market go up. When people see bad things happening locally or around the world they become frightened and they pull back on their spending. This causes corporations to sell less of their products, whether it be hard products or services. The result is earnings sink which causes the stock to sell off.
Trying to look in the past to determine what will happen in the future is just about the most ignorant way anyone could ever find to choose a plan of investment.
my oh my! - 23+ P/E are earnings? I have a bridge I would gladly sell you for some GOLD which appears to be moving up over a long term trend line
Trying to look in the past to determine what will happen in the future is just about the most ignorant way anyone could ever find to choose a plan of investment.
So 2000, 2007 and other market downtrends were very ignorant then, were they? Any way one should always look at many opinions when investing your own money