Where did we learn the myth that stocks always go up? From the Greenspan Put Era and from all of the nefarious marketing from mutual fund companies. Why do mutual fund managers not have most, rather hardly any of their net worth in the funds they manage?
They didn't get rich by being stupid, they got rich collecting the fees from selling
the public their funds. If mutual funds were such a great wealth
builder the fund managers would put their own money into them.
An inflation adjust chart will be added shortly. In order to reach the
March 2000 high, the S&P 500 must hit approximately 1998. This is
using the gov's bogus CPI numbers. In real terms were are down 50%.
So much for markets always going up.
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