For about 120 years from the 1870s to the 1980s, the U.S. stock market reliably reverted to its lon

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For about 120 years from the 1870s to the 1980s, the U.S. stock market reliably reverted to its long-term average valuation, and spent roughly equal time above and below that average.

Nowadays, things are a little different

 For about 120 years from the 1870s to the 1980s, the U.S. stock market reliably reverted to its lon

Source: Bloomberg Markets

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