Dave Collum: Markets have gained 7.7 percent annually since 2000

Dave Collum: Markets have gained 7.7 percent annually since 2000
Annual market and money supply growth

Markets have delivered annual gains of 7.7 percent since 2000, with the M2 money supply rising by around 7 percent per year in the same period.

Dave Collum, professor emeritus at Cornell University, questioned the impact of dividends, fees, and taxes, noting they do not improve the overall investment picture. Collum also raised concerns about a potential nominal correction in the markets.

Collum previously described Intel’s 25% share price drop as a “good start” and criticized what he called a State-sponsored pump of the stock. He has also warned of a devastating bear market with unknown duration. These prior comments reflect his ongoing caution around current market valuations.

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