I guess, you're saying that the people with liquidity who bought in right after the 1929 crash got richer? Sure, if you bailed out right after the spike since the market kept tanking until well into the 30's.
As for your challenge of finding a prolonged 15 year decline, you know the answer to this, there isn't one. But this really puts focus on your definition of "temporary" -- while the 8 year decline between 73 and 81 maybe "temporary" it sure felt "permanent " to the poor folks who lost their jobs and investment.
The point of the post is the impact market stagnation/decline will have on the general economy and our bottomline--people's willingness, if not ability, to pay for porn.
Sure, as an investment mechanism there are probably some choice spikes you can ride to make a quick profit. But better exit quickly cuz the ride is pointing downwards.
Some people will always make money on the market--e.g. short selling. For the broader market, however, it is historically way overvalued and I wouldn't be surprised if the Dow hits 5000 within 3-5 years to coincide with a real estate bubble crash
