"3,453 days later, the US bull market becomes the longest on record" [0]
> There is a glut of global capital
"The ECB halts quantitative easing" [1]
"Bank of Japan signals exit from quantitative easing, but …" [2]
"Everyone Is Talking About Rate Hikes, But The Fed's Balance Sheet Might Be More Important" [3]
Money Stock / Real Gross Domestic Product appears to be stabilizing [4]. Given the global tightening of monetary policy, this is consistent with reduced availability of capital in the future (per unit of real economic activity).
> 90 year+ history that shows the market grows at 7 percent annually
"Past performance is not necessarily an indication of how the Trust will perform in the future." [5]
> What contravening data do you have?
"The Nikkei Index is still 40% below its all-time high of 39,000, which was hit at the end of December 1989. It took nearly 20 years before the Japanese stock market hit bottom." [6]
