1% Annualized Returns Over 3 Years
After today, that's where the big indices are at, +/- a tenth percent or so.
Perhaps those voters who voted pocketbooks and aren't cult members will have had enough.
Know what the annualized DJIA growth rate was while Obama was prez. TWELVE POINT ZERO EIGHT PERCENT PER YEAR!
Hear that Rs who aren't in the lunatic brigade. Investment doubled each 6 years at the Obama era rate. Given recent events, even if it went back to the way it was, it would take 15 percent growth for years to get even with 4 more years of another dem president.
Puts everyone 4 to 8 years behind if it reverses before the end of the week.
As I mentioned elsewhere, even accounting for the extrinsic influence of the pandemic, the economic fundamentals to support the accelerated growth as GDP growth was a static quarterly rate, it appears the valuations were inflated.
Across all segments, across corporate size, across product or service line.
If then macroeconomy was really robust, we'd see a drop of significance, but not like this bloodbath.
As I started this thing out, hoping that non-idolator voters who picked this failure in 2016 will have seen the light when they check their 401k value after 3 years of "winning"!
