Advanced ➔ Results Brett Arends's ROIOpinion: Think you’ve missed the stock-market rally since ‘liberation day’. Think again. A big, fast rally can look pretty scary to investors.
New re says there may be reasons for optimism. Last d: July 8, 2025 at 9:59 p. ETFirst Published: July 8, 2025 at 3:43 p. ETResizeListen(4 min)Skeptical in stocks at the moment.
Photo: Getty Images/iStockIt was supposedly the legendary Fidelity fund manager Peter Lynch who once joked that the average investor had lost more money sitting on the sidelines, waiting for the next “crash,” than they were ever ly to lose in an actual crash.
Large-cap stocks have risen by an average of 10% a year since the 1920s — triple the average annual return for cash deposits and Treasury bills, and twice the average annual returns for U.
Treasury bonds — he may have been onto something. The Author Brett ArendsBrett Arends is an award-winning financial writer with many years experience writing, economics and personal finance.
He has received an individual award from the Society of American Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others.
He has worked as an analyst at McKinsey Co. , and is a Chartered Financial Consultant. His book, "Storm of Your Money", was published by John Wiley Co.
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