You would have done better with short-term U.S. Treasury bonds. Of course, you should not make future investment decisions by looking in the rear-view mirror.
Tuesday, February 24, 2009
A lost decade for stocks
Graph: The S&P 500 from the day Alan Greenspan made his famous "irrational exuberance" speech (December 5, 1996), through yesterday:
You would have done better with short-term U.S. Treasury bonds. Of course, you should not make future investment decisions by looking in the rear-view mirror.
You would have done better with short-term U.S. Treasury bonds. Of course, you should not make future investment decisions by looking in the rear-view mirror.
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