Len my understanding of what you said. Is in 10 years I wouldn't be surprised if we are back at the same levels we were last october inflation adjusted. Well to me back at the same levels inflation adjusted would be 18,815 assuming 3% inflation. And if we are at 18,815 10 Years from now the return is roughly 7.8% a year annually from this point. Maybe I misunderstood what you said? Hope this helps clarify my position and where I was coming from.
As I stated, I would not be surprised if we don't see 14,000 on the DOW (inflation adjusted) for a decade or more - perhaps not even in my lifetime. There's your forest