Monday, December 28, 2009

Yet another reason to end the Fed: Worst decade for stocks ever; even 1930's beat it

Investors Hope the '10s Beat the '00s
Since End of 1999, U.S. Stocks' Performance Has Been the All-Time Clunker; Even 1930's Beat It
(WSJ.com) -- BY TOM LAURICELLA --

The U.S. stock market is wrapping up what is likely to be its worst decade ever.

In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s.

Investors would have been better off investing in pretty much anything else, from bonds to gold or even just stuffing money under a mattress. Since the end of 1999, stocks traded on the New York Stock Exchange have lost an average of 0.5% a year thanks to the twin bear markets this decade...MORE...LINK

No comments: