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Stay The (Very Long Term) Course at Trader’s Narrative




Stay The (Very Long Term) Course


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I can’t remember exactly where I first saw this graph but in any case, the source is cited at the bottom:

stay the course

While it is a valid argument that in the long run the market has only one direction, it is also true that in the long run, we’re all dead.

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3 Responses to “Stay The (Very Long Term) Course”  

  1. 1 Russ Abbott

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    Interesting graph. Another moral one can draw is that most of the time the market does nothing. Eyeballing it, these are flat periods.

    1871 - 1895 = 24 years
    1899 - 1941 = 42 years
    1960 - 1980 = 20 years
    2001 - 2008 = 7 years
    ———-
    93

    So of the 137 or so years from 1871 to now, 93 of them were net flat leaving 42 as profitable periods.

    – Russ

  2. 2 market folly

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    good stuff thanks for posting again. kept forgetting where i’d seen this in the past.

  3. 3 Babak

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    Russ, exactly. There are long bouts when you are much better off in commodities, real estate, bonds, or in foreign stocks.

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