In Australia, ~10% of our salary goes into a compulsory retirement savings scheme. I have chosen the default option for young people, which involves a relatively balanced split between stocks, investment in property and a bit of cash.
I have been working for 2-3 years, so have a small balance in my super account.
I am not sure whether I should cheer on the stock market going up (increases the value of my existing 2 years worth of investments), or when it goes down (allows my fortnightly contribution to buy more units of stock, which will/may then go back up later.
I suppose ultimately, this boils down to "If a stock index deviates from its long term average, would a rational economist forecast that:
a) The rate of change of the index will eventually return to the long term average, meaning I should cheer the bull.
b) The value of the index will eventually return to where it would have been if the deviation did not take place and the rate of change stayed at the long term average the entire time (cheer on the bull)"
P.S. I am aware of the common theory in economics that crossing one's fingers does not impact the future direction of the stock market either up or down. I simply refuse to accept this as truth ;) But feel free to pretend this is a question for interest's sake only without any actual implications.
Also, apologies if this belongs in personal finance. I don't believe it does, because it is more intended as a theoretical question around general trends in stock markets and economies than as actual advice for someone's stock choices.