Monday, December 21, 2009

Stock Bubble?

The 2000s were, according to The Wall Street Journal, the worst decade ever for stocks. The 0.5 percent that stocks on the New York Stock Exchange have lost on average per year since 1999 is the most in the nearly 200 years of recorded stock-market history—more even than the 1930s. The 1990s were the best decade ever, with a 17.6 percent average annual gain.

Well, this is a bit discouraging because the 2000s were the decade I started investing in stocks. I suppose the lesson here is that once everyone knows it - ie stocks are the best long term investment - it is no longer true.

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