Emotionally shattered from seeing their wealth cut in half twice – once in 2000 and again in 2007-2008, 55% of Americans have no money in the stock market at all, according to a Federal Reserve Board analysis from last year.
According to Keith Fitz-Gerald, that would be different if only those people would look at this chart of the Dow Jones over the last 114 years:
Despite two world wars, multiple invasions, presidential assassinations, the Cold War, hot wars, recession, depression, and all manner of events that no doubt seemed “catastrophic” at the time, it continued to push higher.
Since 1900, it rose a staggering 24,285%.
Why did it keep going up?
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