Or to put it another way...European stoxx 600 is below where it was nearly four years ago , savings were a far better return than equities ( u.s excluded )
Stocks have been dreadful in Europe bar the period 2012-2015
When you look back, during certain specific periods, in certain specific markets, deposits have performed better than equities in those markets during those periods.
Or to put it another yet another way...
During most periods, most equity markets have outperformed deposits.
Unfortunately, while we can see what happened in the past, we can't predict the future, other than to say that markets will go up and markets will go down.