Is 10% average rate of return for stocks a thing of the past?

[rob in cal]

So much financial planning, retirement planning etc. is predicated on the idea of stock investments returning somewhere in the ballpark of about 10% per year.  Historically, this is pretty accurate I believe.
   However, since 2000, we have had somewhere around 0% return for the broadest US index funds.  Obviously that figure isn't going to last forever, but sooner or later I wonder if we should be adjusting our expectations of what we can expect from stock investing.

[Gustaf]

Well, after the 1929 crash I think it was 0% until 1954 or something. So it's hardly surprising that we will have a long drought now.

[phk]

No

[Torie]

For the moment, yes.

[J. J.]

For the moment, yes.

This. 

Very long term, multi-year, it is a good time (though probably not the optimal time) to buy.

I would not be saying that about gold.

Short term, less than a year, gold is middling, but stocks are not good.