Thursday, March 27, 2008

The Lost Decade

An interesting article in the Wall Street Journal about what they call a Lost Decade in the US stock market. For the past nine years, the S&P 500 has returned a paltry 1.3% per year when adjusted for inflation, far below the historical average. It's a scary article, but there are a few positives in there. The optimistic outlook says that we are nearing the tail end of the bust decade, and that there are reasons to believe that the market will rebound.

Of course the pessimistic outlook is decidedly worse...

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