Worst Economic Predictions in History

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”

(John Templeton)
 
A real bull market or a fake one unadjusted for inflation?
Although it's certainly true that broad market returns are usually reported in nominal rather than in inflation corrected terms, nevertheless a portfolio that duplicated the S&P would on average, over time produce a significantly positive, inflation adjusted ROI.
 
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