> “There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period,” he said in an interview with Alex Karp, CEO of software and A.I. firm Palantir.
Adjusting for inflation, the stock market was not "flat" during this period [0]. The DJIA, for example, closed at an effective price of 9,160.41 in January 1966 and closed at an effective price of 3,176.25 in December 1982. That's a 65% drop, which is a pretty big stretch to call "flat".
Adjusting for inflation, the stock market was not "flat" during this period [0]. The DJIA, for example, closed at an effective price of 9,160.41 in January 1966 and closed at an effective price of 3,176.25 in December 1982. That's a 65% drop, which is a pretty big stretch to call "flat".
[0]: https://www.macrotrends.net/1319/dow-jones-100-year-historic...