history
one of the greatest equity market stories in history. second world war forward value of 100 to 20,000. the peak in the mid 80's 40,000 and the move higher from 10,000 to 20,000 was the investor of last resort (the bank of japan) that has a balance sheet equal to the gdp of the country over 50% of the government bond market and 15 % of corporate bonds and etf's doable because the cost of debt service continues to decline with rates
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