The Myth of the Lost Decade looms over the stock market

The Myth of the Lost Decade looms over the stock market

The spectre of a lost decade for the stock market is rattling its chains once again. Every so often, Wall Street sentiment converges on the idea that the stock market is on the cusp of a dark era stretching years into the distance, during which investors will be lucky to realize positive returns. These portents of doom tend to crop up in the middle of a corrective phase after a long bull run. Spoiled by the lucrative returns of a …