Home > Stocks
Have the Past 10 Years Been a "Lost Decade"?
Your money would have done better almost anyplace else, including a mattress
This coming July 1st will mark ten years to the day when the Elliott Wave Financial Forecast published its first issue. The Dow Jones Industrial Average opened that morning (7/1/99) at 10,966 -- some 2500 points higher than where it stands today.
Several times this year I've seen media stories which describe this period as "the lost decade." While I agree that this description tries to capture what happened, it doesn't come near the reality -- that is, unless "lost" is supposed to mean the LOSSES investors suffered during TWO catastrophic bear markets in ONE decade. And if you think "catastrophic" overstates matters, well, my guess is that you probably were not "fully invested" in the stock market when things went south (twice).
I could go on for a while about the wisdom of being "fully invested" in stocks, and about how your money would have done better in almost any other investment vehicle -- or in a mattress, for that matter. But I'll leave it at that -- my real point is to say that it's been anything but a "lost decade" for subscribers to the Elliott Wave Financial Forecast. They had copious and detailed forecasts beforehand, about the 2000-2002 bear market and the bear market that began in late 2007.
Tags: