Depends for what purpose ........for saying a particular asset beat another over a long period of time ? Nooooo , not unless you limit it to just starting that year .......is it useful for seeing how something reacted to events in a certain period ? Sure but that does not mean they will repeat.Xan wrote: ↑Tue May 19, 2020 3:32 pmJust a lot of words rationalizing an incoherent position. Are historical charts meaningful or not?mathjak107 wrote: ↑Tue May 19, 2020 2:54 pmThat assumption is wrong ...it merely shows we have not had a true bear market in bonds in 40 years ....it says nothing about rates have to go up ,big difference between the two .... it does not say bonds beat stocks for 40 years either..
There may be segments in the 40 year period where someone beat equities but that does not mean for 40 years bonds beat stocks
If you started a year later results over the remaining 19 years may be quite different when comparing to another asset.
You know how long golds one peak at 850 influenced its trailing returns making it look better going forward then it was .