The economy right now feels a lot like it did in the 1970s. Back then we were coming off of a long stretch of post-war prosperity and a huge run up in stock prices, and years of excess government spending caused very high inflation. That period of time (1968-1982) was brutal in the market, and the DOW dropped about 75% over that time. It took big stones to invest your money in a market like that. It certainly can happen again, but will it?
Here's a 100-year chart of the DOW.
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