if you were in cash or cash equivalent since 1999 you MADE 31%.... yes MADE 31%... how is that when inflation is suppose to remove value from money?....
You must look at the value of the currency and it's buying power in an extreme credit inflation...(more extreme than the credit inflation of 1927-1929).
If your money was in the S&P 500, one of the broadest measures of the Market, you would have LOST 26%.... yes LOST 26%. The DOCTRINE is the Market always goes up over time... But we must measure the Market with true measure of value... Remember currency is not MONEY.... what does your currency buy?... how much money is your currency worth?
DEFLATION: Learn up on it now... then you'll be ahead of the HERD... cause they are gonna learn it the hard way...