https://www.zerohedge.com/news/2019-01-08/does-97000-matter-you
Wow, that's some seriously weak sauce. (All due respect of course).
I actually thought it was interesting. Good to step out of your ridiculously optimistic zone once in a while. You don't have to agree, of course, but engage the mind.
Right, because ZeroHedge is so mind engaging...
1) As with most doom and gloom about recent returns conspicuously uses 2000 as the starting year.
2) Notes that lump sum beats DCA over the selected years (duh) but is for some reason concerned by margin of beat.
3) Despite selecting year 2000 local peak as starting point, returns on lump sum support 4% withdrawal, even preserving capital.
4) Warns of sequence of return risk by suspending space-time continuum and running returns backwards as if one year's returns has zero impact on the next year's.
One need not be ridiculously optimistic to spot obvious junk analysis.