Sunday, November 23, 2008

Flashback: Why You Liked the 90's Better.

This morning we revisit this post from early 2006.

http://lumencapital.blogspot.com/2006/03/why-you-liked-90s.html

Since we've given back almost everything from the last Bull Market I thought this was a timely revisit. In this Decade per the S&P stocks have lost money in 2000-2002 and unless a miracle occurs also in 2008. Years where the return exceeded or approached stock's historic norms between 8-10% have been 2003-2004 and 2006. Only 2003, as stocks rebounded from the Bear Market decline, saw returns that approached what we experienced in the 1982-1999 Bull Market run. 2005 & 2007 saw low single digit returns for equities. Right now we are trading close to the 2002-2003 Bear Market lows.