If you slept through the past five years, you missed a helluva ride for the American stock market.
Not
only did U.S. equities trounce their depressing performance from last
decade, but they left all other major markets in the dust.
Since the end of 2009, the S&P 500
has generated annualized total returns (including dividends) of about
16%. That's a very impressive average based on historical standards.
It's
also very strong considering most major stock markets produced modest
annual returns in the mid-to-high single digits. Some, like former stock
market darlings China and Brazil, suffered outright annual declines. (more)
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