My problem with "all time highs" and "biggest single day drop" is that, historically, this is true for every latest date. Of course it's an all time high; 2% g

My problem with "all time highs" and "biggest single day drop" is that, historically, this is true for every latest date. Of course it's an all time high; 2% growth year on year is compound growth on an ever larger pile of capital! Ditto for biggest single day drops, you can't compare raw number drops of a given index today with the 2001 or 2008, there are so many more bits of capital today than 10 years ago. It is less the assumption that the market always goes up (eventually) and more the lack of mathematical comprehension.