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US market should NOT be used as any scientific benchmark for anything - as it does not represent "all" typical possible scenarios for the stock market. Look fo
by hansor 5y ago
US market should NOT be used as any scientific benchmark for anything - as it does not represent "all" typical possible scenarios for the stock market.
Look for example(one of many) at Japanese NIKKEI index - it was going DOWN for like 20 years! So this theory does not work!
Many people in Europe also quote multiple studies based on US market - but they are usually worthless on other markets(both bonds and stocks).
If you add inflation and CPI - this theory is even more worthless.
US market is special - as US is one of very few superpowers on Earth.
- verbify 5y agoThe NIKKEI would've given you a positive return if you bought and held and reinvested dividends. And picking the worst point in one of the worst indices does not mean much - most investors are not investing a lump sum (they're usually putting into a pension over the course of decades) and they shouldn't be investing in just index/asset class (all-world diversification and having bonds as part of your portfolio is recommended).
- fnord77 5y ago> US market is special - as US is one of very few superpowers on Earth. For now. Look how rapidly the USSR lost its superpower status. What if the Capitol insurrection were successful?
- boringg 5y agoNot even a relevant comparison, sorry. Russia was a competitor but didn't have the same built in advantages. US will remain a super power for the remainder of everyones lives on hacker news. It will diminish, but it will remain in power until we're all in the ground. Mainly stemming from its economic roots for the global financial system.