Howard Silverblatt, “We need a 63.79% advance just to break-even for the decade”

By on June 25, 2009

Howard Silverblatt, senior index analyst at Standard & Poor’s, has examined the return of the S&P 500 over the past decade and points out the unsurprising news that we’ve had a lost decade in the stock market. The S&P 500 is down 39.22% from Dec. 31, 1999 through Monday’s (6/22/09) close. Annualized, stocks have lost 5.12% so far this decade, while in the decade of the Great Depression (the 1930s) they lost 5.26%.

After we made it through Y2K with barely a hiccup, the future seemed very bright indeed as this decade was ushered in. The only problem was that stock valuations were sky-high.


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