Tuesday, August 1, 2017

Charts of the Day: On average, how we doing?

While our clients of course like what they've seen over the past year, many have expressed concern over the 8+-year chasm separating today with the end of the last bear market. I mean, stocks just can't go up forever, right? Absolutely, they cannot! However, as we've expressed herein, bull markets don't die of old age, they die of obesity -- of, let's say, excessive living.

No doubt, some of you will relate excessive living with excessive returns. Therefore -- while, actually, that's not my reference (I'm talking overconfidence and, thus, utter stupidity on the part of private industry and public policymakers) -- we'll go ahead and consider present-era performance in an historical context.

As you'll see below (courtesy of Bespoke Investment Group), while the (S&P 500) returns on a one and five-year basis have been exceptional, the past 2-year results are nothing special, and we're not even close relative to past 10 and 20-year average returns:

Click to enlarge


  1. This comment has been removed by a blog administrator.


  2. No matter if some one searches for his required thing, so he/she desires to be available that in detail, so that thing is maintained over here. yahoo mail sign in

  3. To know the amount to cover for your mortgage insurance, you should use our CMHC Mortgage Insurance Calculator. mortgage payment calculator Depending for the establishment and sort of financing, commercial increasing typically cover anything from 1. canada mortgage calculator