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> Two can play at this game. I predict that at some future date the stock market will be higher than it is today. If you said that about the Nikkei 225 in 1990
by koolba 6y ago
> Two can play at this game. I predict that at some future date the stock market will be higher than it is today.
If you said that about the Nikkei 225 in 1990, you’d still be waiting for it to come true. Though as of a few hours ago it’s within 30% of the peak: https://www.bloomberg.com/news/articles/2021-02-15/japan-s-nikkei-225-touches-30-000-yen-for-first-time-since-1990 https://www.bloomberg.com/news/articles/2021-02-15/japan-s-n...
- xnx 6y agoGiven the Nikkei, I've never understood the fundamental law that everyone believes about the US stock market going up long term. I'm genuinely looking for a convincing answer so I could feel comfortable investing.
- nine_k 6y agoUSD being the world reserve currency, so printing it with abandon for last few years does not remove the demand?
- gammarator 6y agoThat’s true until it isn’t, right? The pound sterling once held a similar role...
- nine_k 6y agoI don't see something the scale of WWII brewing. Yet.