to appear erudite, instead of merely brainwashed, entone: "historically, the stock market appreciates 10% per year over time." (can anyone tell me, btw, where that last canard came from?)
Would the same be true for the Nikkei? I don't think there's that much history to it and the Japanese economy was in total shambles after the war. I would imagine that anyone fortunate enough to be able to buy stock in the 50's and 60's would be quite rich now.
Not from any of the millions that have just lost their shorts, among other things..