Thursday, April 1, 2010

A decade of April fools

 The WSJ reminds us:
"The past decade has been a lost one for stock investors. The Dow Jones Industrial Average finished Monday at 10552.52, up 61% from the recession low a year ago, about halfway back to its record high of 14164.53 in October 2007. The blue chips are trading at a level they first reached in April 1999."
Full text
Comment: The performance gets worse when adjusted for inflation.

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