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My Two Cents

The Lost decade?

Chris Farrell Jul 22, 2008

From economist Ed Yardeni’s newsletter this morning:

Ten years ago the S&P 500 was at 1186.75. The S&P 500 closed at 1260.00 yesterday, up just 6.2% over the entire 10-year period. In other words, investors in an index fund based on this widely followed measure of “the stock market” would have slept better keeping their money under their mattresses.


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