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What a terrible decade
- Thread starter traderdragon2
- Start date
World stocks tumble as Dow eyes 1997 lows
Friday February 20, 10:16 am ET
By Pan Pylas, AP Business Writer
World markets tumble as Dow eyes 1997 lows as investors begin to write off 2009
LONDON (AP) -- World stock markets tumbled Friday amid concerns that Wall Street may see further declines on investor fears that 2009 may be an economic write-off.
The fall in the Dow continued at the open Friday as investors worried that the downturn in equities is far from over and could be set for a new phase. On Thursday, it closed at 7,465.95 -- worst since Oct. 9, 2002, when the last bear market hit rock bottom, and some traders think the next stop could be a 12-year low.
http://biz.yahoo.com/ap/090220/world_markets.html?.v=16
Friday February 20, 10:16 am ET
By Pan Pylas, AP Business Writer
World markets tumble as Dow eyes 1997 lows as investors begin to write off 2009
LONDON (AP) -- World stock markets tumbled Friday amid concerns that Wall Street may see further declines on investor fears that 2009 may be an economic write-off.
The fall in the Dow continued at the open Friday as investors worried that the downturn in equities is far from over and could be set for a new phase. On Thursday, it closed at 7,465.95 -- worst since Oct. 9, 2002, when the last bear market hit rock bottom, and some traders think the next stop could be a 12-year low.
http://biz.yahoo.com/ap/090220/world_markets.html?.v=16
Quote from traderdragon2:
21% return on the S&P in the last 10 years
This absolutely sucks for long term investors
A mere 3% investment vehicle would have done you much better
Meanwhile, everyone is going into debt in the US
The true US GDP is crap
Whats going to happen to this country in the next 10, 20, 30 years?
Your thoughts?
that's not adjusted for inflation
Quote from Cutten:
Two options:
i) do your research, and buy and hold top-quality Buffett-style businesses selling for reasonable valuations.
ii) diversify and just spread your money and annual savings between index-trackers in REITs, stocks, bonds/TIPS and commodities. You should earn 7-8% almost regardless of what happens to stocks.
Alternatively you can mix between the two.
BUFFETT BUFFETT BUFFETT BUFFETT
that guy hasnt made anything for 10 years