Past performance doesn't guarantee future results

Stock market dynamics are fundamentally different now compared to the last period of sustained high inflation (70s)... And stocks have done fantastically over the last few years of stubborn inflation.

The roaring 20s were driven by a money cycle formed with post WWI farm machinery foreign demand, US factory growth to meet that stimulated demand, stocks to fund factory export growth market, and debt generated by unsecured customer financing.

Eventually the cycle/bubble collapsed, and the same 1930s tariff policy literally starved people for almost a decade.

I really hope we don't repeat that history. However, the Bear market distant roar can't be ignored. =3