The Rabid Capitalist

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.

Dividend stocks are going to have their decade in the sun should Goldman Sach’s long-term forecast for the S & P 500 index prove to be correct. Goldman has projected that the index will generate a three percent compound annual return over the next decade, compared with its thirteen percent ten-year annual trailing return.

While its forecast incorporated typical variables such as valuation multiples and interest rates, it emphasizes historical phenomena. Specifically, returns collapsed after the index returns were highly concentrated in a few stocks.

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