Jul
22
Summmary of Long Term Investment Returns, from Kim Zussman
July 22, 2012 |
The recent paper from BofA/Merrill Lynch on long term returns had several equity market charts which cast doubt on inevitable long-term drift. Given what happened in WWII the charts are as expected in Japan and Germany, but look at France and UK (Picture Guide to Financial Markets Since 1800). [Ed.: sorry, link no longer works].
There are many decade flat to down periods (in USD).
One keeps returning to the question of whether the long-term updrift of US stock market would have occurred had we not been on the winning side of two world wars, one not hot war, and of course the resulting transformation to the first world leader.
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