THinking back to 1999, the Dow hit 10,000 for the first time.
The market was over 14,000 in 2006
Then finally got back to the level around 10 years later and hit 18,000 in 2016
Today it stands at 25,000
Just putting a growth multiplier of 7% per annum from 1999, the market would be at about 36,165
At an 8% per annum, it would be 43,157
At the end of 2016, we had recorded one of the worst 18 year runs in stocks on record including an entire "lost decade+"
will be interesting to see how the business tax cuts work and the significant growths in employment numbers and how that affects the overall market.
My biggest fear right now is the fed and them raising interest rates too fast.
Fully 81 of the 84 OECD countries' economies are in growth mode which is unparalleled in the history of the globe.
If policy can remain conducive to business growth and encouraging people to take reasonable risks, we could be in for some amazing times in the future.