The S&P 500 Real Earnings for growth by year have generally been accepted to average out to 10 % over a long period of time, usually 10 years, but how many times has the index actually been in a 2% range of this so-called conservative average? The data shows that since 1989 it has been between this 8% to 12% range 5 out of 30 times. Meaning that the market is on average between the 8% to 12% range, 17% of the time for the last 30 years. The market spent 83% of the time outside the range. In the 30-year period, the range of returns went from a maximum of 261.66%(Dec 2009) and a minimum return of — 79.48%(Dec 2008). The fact that these two figures are a year apart is not a coincidence. It is because these figures were reported by the financial media during ‘The Great Recession’ which is known as the ‘2008 Global Financial Crisis’.

Read More