The Lost decade?
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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