I had to laugh when I read the bullish news stories today about the Nasdaq Composite surpassing 2,000. A bit of history: The Nasdaq Comp first hit 2000 in 1998. That’s Eleven years ago! So tech stocks, in general, have basically gone nowhere for a decade. Yes, we’re in a V-Shaped recovery, but it looks like a decade-long V to me.

It’s fascinating to think about how much money Wall Street has made over the last decade, churning stocks, most of which are actually lower now than they were 10 years ago.

Lesson: Don’t Take the Rumpelstiltskin route to investing. Stay alert, and trade your stocks. Keep moving capital around to depressed valuations from overvaluations. And never invest in anything long-term.

Here’s an easy prediction: Ten years from now, inflation-adjusted, stocks in general, will still have gone nowhere due to economic policies that defy any logic.