Word: year
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Dates: during 2000-2009
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...facts tell the dismal story. In the 10 years ending Dec. 31, 2008, investors suffered a negative 3.15% real return in U.S. stocks, constituting the fourth worst 10-year period since 1871. Given the pummeling the stock market has taken this decade - even after this year's rally, the S&P 500 index remains 32% below its all-time high reached in October 2007 - many are now questioning whether stocks should be the cornerstone of investors' long-run portfolios...
...history shows that excellent returns are available to stockholders who survive such rough patches. In fact, following the 13 10-year periods of negative returns stocks have suffered since 1871, real returns over the next 10 years have never been negative and have averaged more than 10% per year. A 10% return far exceeds the stock market's long-term average real return of 6.6% and is more than three times the real return offered by U.S. Treasury bonds. Furthermore, stocks have always done better than bonds over every 30-year period since 1871. (See the 10 big recession surprises...
...longer cheap. To be sure, based on projected operating earnings for all of 2009, S&P 500 companies are trading at an average price-earnings ratio of nearly 19, higher than the long-term historical average of 15. But basing stock values on 2009 data is inappropriate. This year saw the bottom of the worst recession since World War II. What is relevant for determining stock values are future earnings, not past earnings. Next year's operating earnings for S&P 500 companies are projected to average $74 a share, less than 15 times earnings; early estimates...
...stretch thinking—and ultimately strengthen belief. In some sense, Benedict’s get-together did acknowledge this; if art can “enslave” us, it can also save us. (The Pope even floated the idea of a booth at the Venice Biennale next year: one can only wonder the contents of the goody bags he’d pass out.) But it takes a startling lack of faith to argue that contemporary creative acts are isolating and worthless simply because they don’t contain the overt moral messages that scan with...
...Crimson reported today, the results of the election will remain uncertified until today's general meeting, during which the entire UC—and not just the executive board—will decide whether to approve John F. Bowman '11 and Eric N. Hysen '11 as next year's president and vice president...