Sunday, 27 May 2012

Historical Cycle Bodes Ill for the Markets

07.01.2012 17:49

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Floyd Norris, New York Times
AT the turn of the last century, it was widely accepted that American stocks were virtually certain to be good long-term investments. Now, far fewer people are confident of that.A major reason for the earlier confidence was that in the 15 years from the end of 1984 through the end of 1999, the total return of the Standard amp; Poorrsquo;s 500-stock index was more than 740 percent, even after adjusting for inflation. That amounted to a compound annual real return of more than 15 percent.

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