Those are two very-selective samples. How much did the S&P return from 2000 to 2011? If you look at a chart of an index fund dating back to the 1970s, they certainly look like things that were following an upward trend, which got goosed steeper a couple of times, until everything blew up in 1998 and now there is chaos and unpredictability. 1998-2011 is over 1/3 of the period from 1971 to 2011 so one can't really regard this as a blip!
Yes, money "can" clearly be made investing, if you time the market and are lucky. I am disputing the idea that stocks will always generally go up. I think this used to be true but may have changed. Much like "housing prices always go up", which was shown to be absurd.
Yes, money "can" clearly be made investing, if you time the market and are lucky. I am disputing the idea that stocks will always generally go up. I think this used to be true but may have changed. Much like "housing prices always go up", which was shown to be absurd.