Stock and bond index funds, plus patience always win

[progree]

6. They clearly underestimated the strength and resilience of the Obama economy and market

to carry over for a few more years.

They clearly underestimated the power of spending at levels that tripled the deficit (so far with more on the way), and virtually unlimited money creation and lending in the past few months to sustain the market, despite an out-of-control pandemic and a trashed economy with 31.8 million collecting unemployment benefits (including people collecting under the Pandemic Unemployment Assistance program).

It isn't sustainable.

And it isn't over.