Is the Stock Market a Long Term Instrument?

I like to think of the stock market as a super long duration instrument, so i don't don't pretend or alocate assets in a way that tries to capture, you know, near term alpa. So i'm looking at the stock market is sort of a long term instrument. And i would argue that, ye. I mean, to day, every everythingor at least a lot of the evidence, is consistent with an environment where the stock market will generate lower future returns going forward. We're in this really weird equity environment where the economy,. i think you can make an argument that the the stock market boom is not done yet, but that the the likelihood of lower expected returns