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From the market bottom in August 1982 to the end of 1999, returns averaged 20 percent annually, culminating in the dot-com bubble.

What you should know: The current bull market, which began after the Global Financial Crisis in 2009, has returned nearly 17 percent per year, rivaling the 1980-90 bull run. Looking forward, Carlson suggests that an AI-induced bubble could push returns higher, drawing parallels between events like the 1987 crash and the 2020 Covid crash.

Key takeaways: You can (should!) appreciate our current bull market. However, be mindful of not letting rose-colored glasses cloud your view of the continual potential for downturns.