Edward Chancellor on the Real Story of Interest
Masters in Business
00:00
Dow 36,000
Not too long ago, just before the pre-pandemic period, like late 2010s, they kind of came out when Dow first crossed 36,000. But then if you look at the valuation of the market at the time, the market was the US market at the end of last year. And we also know, these are the worst investment, is that your future returns are inversely related to the valuation levels. So perhaps every time we get to Dow 36,000, you can expect a long period of decline.
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