Back to the 1930's

Business Week recently ran a story that the decade-that-is-nearing-an-end is going to post a less-than-stellar stock market return.

From the close at the end of 1999 through Q2 of this year, the S&P 500 index has posted a return of -37%. The last time we posted a negative decade was the 1930's with a return of nearly minus 42%. ¹ With only 6 months to go in the decade, it looks like it may be the first Lost Decade - American Style for the buy-and-hold crowd.



---

Source:
1. David Henry. Stock Losses in Oughts as Bad as in 1930s Depression.
Business Week. June 22, 2009.
http://www.businessweek.com/investing/wall_street_news_blog/archives/2009/06/stock_market_ch.html

2. Jake. The Lost Decade.
EconompicData. June 23, 2009.
http://econompicdata.blogspot.com/2009/06/lost-decade.html

© 2009 Michael Cale