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For the period 1 9 2 6 to 2 0 2 1 , the annual return on large - company stocks: Was negative following every
For the period to the annual return on largecompany stocks:
Was negative following everythree year period of positive returns
Was only negative for two or more consecutive years during the Great Deppression
Remained negative for at least two consecutive years anytime that it was negative
Never exceeded a psotove percent nor lost more than percent
Was unpredicatble based on the prior year's performace
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