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by wrong_internet 3951 days ago
The stock market on the other hand, indicates the overall health of the country.

I think the parent's ultimate point is that no country (by which I mean under the same constitution, monetary system, or de facto political arrangement) has lasted longer than a few hundred years.

Even if everything seems economically fine right now and for the foreseeable future, at some point all countries and their associated economies go away and are replaced by something else entirely, at which point the stock market index within said structure goes to at or near zero.

You just need to take a longer time horizon than "when I retire".