Re: Investments

Hal Finney (
Thu, 22 May 1997 10:29:46 -0700

The thing I keep hearing is that the stock market's performance over the
last 10 years or so has been unusually good compared to historical
averages. The implication is that stocks would be expected to underperform
over the next decade, either returning to their average growth rates
or possibly even falling lower to compensate for the recent spurt. If
this is right, then the stock market, particularly the index averages,
may not be the place to be, unless your time horizon is very far out
(20-40 years).