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Agree about S&P 500 being flat. It is - USA has a mature economy and it is not going to grow rapidly.
Jul 17 21:54 pm
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All Comments by docmike »Was That a Bottom? Should We Even Care? [View article]
That said, I would not give up on "index funds-like" investments alltogether. VWO or EEM - emerging market ETFs - did much better than SPY and will probably do better for years ahead. VB - US small caps ETF - will probably beat SPY as well.
Sector funds, country ETFs, asset class ETFs - I believe they do have a place in a good portfolio.
Disclosure - long VWO, VB.