Stocks do not earn 10% annually

The long-term view of the stock market reflects extended periods of surge and stall. These periods, known as secular bull markets and secular bear markets, are not optical illusions; rather they are extended periods when market valuations (i. e. price/earnings ratios: P/Es) are either multiplying the effect of rising earnings or mitigating them. Secular bull … Continue reading Stocks do not earn 10% annually