The law of gravity in the market…

Posted on Dec 30, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464

The law of gravity in the market is a little counterintuitive.  It says that stocks rise over the long run.  Simple as that.  Dec 24  Jason Sweig wrote a column in the WSJ  on how John Bogle looks at the market:  titled, The Simple Best Way to Predict the Market.  The logic and reasoning of Bogle's philosophy are absolutely inassailable and accurately describe reality as we know it.

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