I'm looking at NASDAQ today...
- Since 1982 the index has had a compound annual growth rate (CAGR) of 11.8%
- After reaching a peak in early 2000 during the dotcom bubble, it crashed 80%
- It wasn't until 2016 that NASDAQ made it back to its 2000 high - a full 16 years !!
- Since then its CAGR has been a torrid 29%
- Just a few days ago NASDAQ peaked at near 14.150
- Reversal to the long term CAGR would bring back to around the 8000 level
But, hey!!, the Fed will keep printing money forever, right? What, no???