Worst Decade Yet
From The New York Times
IN the last 82 years — the history of the Standard & Poor’s 500 —
the stock market has been through one Great Depression and numerous
recessions. It has experienced bubbles and busts, bull markets and bear
markets.
But it has never seen a 10-year stretch as bad as the one that ended last month.
Over the 10 years through January, an investor holding the stocks in the S.& P.’s 500-stock index, and reinvesting the dividends, would have lost about 5.1 percent a year after adjusting for inflation, as is shown in the accompanying chart.
Until now, the worst 10-year period, by that measure, was the period that ended September 1974, with a compound annual decline of 4.3 percent.
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