IMHO, the secular bear market started in 2000, and we're halfway through it. The... | Hacker News

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		nostrademons on Oct 10, 2008 \| parent \| context \| favorite \| on: A CEO's Sequoia Meeting Notes IMHO, the secular bear market started in 2000, and we're halfway through it. The peak in Oct 2007 just barely bested the market peak in 2000, and then like a month later started its slide. Right now, stocks are where they were in 97/98, so that's 10 years with zero overall growth.

Retric on Oct 10, 2008 [–]

You're forgetting about dividends and inflation.

The stock price is based on what people think is going to happen if look at our GDP and savings rate to see if there is any economic growth.

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