Let's check in on real return from stocks since and before the August 2000 high to see what a real bull market looks like

 

$SPX since August 2000 through July 2025: 5.24% real, average per annum, dividends fully reinvested.

And the 24 years, 11 months before that to August 2000?

10.90%.

108% better. 

IYKYK.