The Importance of a Good Year

Martinez: Studies that say stocks always go up by about 8% or 9% per year, pick whatever thing. They most all start with the US stock market and after World War II,. He says if you took that analysis, even just to the US further back, you would see that stocks have sometimes generations of underperformance. Martinez: The big years were coming off a depressed period, but the other critical factor was monetary.