Why does everyone assume the stock market will continue to go up?
Legitimate question here for my education. What I mostly hear from investors online are “buy the dip” or “stocks always go up over the long term” and “always beat cash or bonds.”
I understand what has happened in the past for US stocks. But why does everyone assume it will continue? Over the last 25 years the German stock market has barely averaged 4% a year. Japan, Italy and Singapore even less. And those small returns came with huge volatility. Why couldn’t that be America’s future?
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