Saturday, January 2, 2010

HAPPY NEW DECADE


NYT-- According to the MSCI indexes, which measure virtually all stock markets using consistent criteria, an investor in the American market who reinvested all dividends — and who somehow avoided all taxes and transaction costs for the decade — would have ended 2009 with 12 percent fewer dollars than when the decade began. That is an annual return of negative 1.3 percent. Even that calculation understates the sad news for stock investors. Because of inflation, as measured by the Consumer Price Index, a 2009 dollar is worth about 78 cents in 1999 dollars.


WB7: Wondering how Wall Street racked up record numbers during this same period?  Read this HAPPY NEW YEAR LINK

HAPPY NEW DECADE FROM WILLIAM BANZAI7
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1 comment:

  1. nswfmJanuary 2, 2010 at 2:14 PM

    Well, they say to write what you know:

    Quote
    Tetsuya Ishikawa, a salesman on several Abacus and Hudson deals, left Goldman and later published a novel, “How I Caused the Credit Crunch.” In it, he wrote that bankers deserted their clients who had bought mortgage bonds when that market collapsed: “We had moved on to hurting others in our quest for self-preservation.” Mr. Ishikawa, who now works for another financial firm in London, declined to comment on his work at Goldman.

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