You forget how much money goes back into the market through dividends and buybacks. Its a very significant number. Right now the dividend yield of the S&P 500

You forget how much money goes back into the market through dividends and buybacks. Its a very significant number. Right now the dividend yield of the S&P 500 is 1.90% (nearly a historic low) so it seems insignificant, but in past years the dividend yield has been nearly as much as the price increase of the overall market...