Nov 1, 2007
The Stock Market Beats Its Long-Term Performance
The stock market is struggling today. But its performance in recent months–including October–is remarkable considering the high price of oil, the…
The stock market is struggling today. But its performance in recent months–including October–is remarkable considering the high price of oil, the housing slump, and prospects for a consumer retrenchment. For instance, over the past 12 months the S&P 500 has returned 14.56% while its long-term average annual return since 1926 is 10.4%.
Stocks up again
*Growth up again–in all categories
*International strong
*Emerging markets on fire!
So far, equity investors have been right about the economy, too.
Here are the numbers, courtesy of Aronson+Johnson+Ortiz: Download file