FYI: It’s a phrase that comes standard on Wall Street, but which may be taking on ominous undertones in the current market: Past performance is no guarantee of future returns.
It should come as no surprise that U.S. equity-market investors have been handsomely rewarded thus far this decade, a period of time that roughly corresponds with the recovery from the financial crisis (the bottom came in March 2009, roughly 10 months before the start of the 2010s). However, even the biggest bulls on Wall Street may not appreciate just how strong this period has been relative to other decades.
Regards,
Ted
https://www.marketwatch.com/story/the-2010s-were-one-of-the-best-decades-for-stocks-ever-uh-oh-2018-04-11/print
