What If Stocks Don't Always Go Up?
The U.S. stock market could be headed for a lost decade.
The Nikkei 225 index remains about 40% below its 1989 peak
“It’s exactly when past returns are most glorious that future prospects are most dismal,” investor John Hussman, another famously bearish investment manager wrote recently.
He’s described today’s menu of choices for passive, long-term investors as “the worst in history.”
Bloomberg 31 October 2020
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