Lessons From the Past

Today’s valuations on common stocks appear to be overvalued by any measure, just as they were in 2003. But that didn’t stop the Dow from generating returns over the last 18 years, almost identical to its historical returns, going back to 1926. So, what do the next 18 years have in store? Soundmark Principal Bill Schultheis shares his thoughts on market predictions and reviewing historical data.