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Anyone know what a narrow trading range stock market is? We're in one now that has lasted approx. 6 years where gains have been minimal overall. These narrow trading range markets can last 10-15 years. There have been several of them since the beginning of the stock market. The last lengthy one was from '65-'81. Factoring in inflation during this period investors would have lost approx 1% on their investments over this 15 yr. period. Some believe we could be headed into another long narrow market for years to come. If that develops these cars could continue their rate of appreciation as some traditional investors look for other investment channels in which to place some of their money.
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Large Cap Growth stocks are just one of many asset classes. There were many investible asset classes that did extremely well from the mid 60's to 81. No one ever seems to bring them up though. I agree that for the last 6 years Large Cap Growth again has experianced a side ways trading range. However todays investors are hopefully diversified into other asset classes.
For instance: Small and mid-cap stocks, developing markets and commodities have all been on a tear for the last 6 years.
I don't buy into the theory of muscle cars being an alternative investment to stocks. Possibly a non-correlating asset in addition to certain equities. My 2 cents.
Patrick