Stock Losses in Oughts as Bad as in 1930s Depression

The worst yet to come!

thanks for all the good info

you guys some the whole world up in just a few pages keep it up i enjoy reading this

Not sure about the reference to the Y2K bug - I reckon it was the biggest scam of all time, only now being overtaken by the climate change propagandists. They make Joseph Goebels look like stage frightened amateur. It does not surprise me that the people who fell for the Y2K nonsense and now climate change mythology turned out to be lousy managers who lost money for the whole decade. The first requirement for successful management is to have good judgment and people that gullible do not meet this condition and never will. Start worrying about the next decade, it will probably be even worse.

This decade poor stock performance confirms that loose monetary policies that create bubbles though fun in the short-term does not benefit in the longer-term. There is no short-cut to actual wealth creation. So far the biggest beneficaries are fat-cat bankers from Wall Street at the expense of sister Susie and brother John.

I dropped Howard Silverblatt a note to say thanks again for providing the stock loss stats that kicked off this post about the decade of the oughts.
He wrote back to advance the discussion (and the use of Roman numerals)with this:

"At Y2K we were worried that the ATM wouldn't work because there was no power

For Y2KX we are worried that there will be no money in the ATM

And for Y2KXV we are worried that we won't have the medical coverage to cover our back problems from pushing around the wheel barrel of money we'll need after inflation starts."

Thanks again.

I agree. (Thank you Federal Reserve Board and in particular Greenspan.)

In the long term, wealth creation does not come from easy monetary policies.

Please note that those losses all occurred AFTER it became apparent that BO could win nomination and election.

And ought not to have trusted the quantitative fantasies manufactured in the halls of Wall Street and MIT.

It's about the Economic Crisis...

That's what I keep saying over and over stocks are a crap shoot and only the lucky profit from it. It's no different than 'educated' gambling at best. Then too this recession is basically on par with the Great Depression and it's not over yet. The recent upswing is just a market bounce and it will begin going down later this year to collapse tremendously next fall despite 'so called experts' predictions of a recession ending later this year. Total BS.

Emerging markets stocks did well this decade. Check out India, China, and Brazil ETFs this decade. Check out the EEM ETF.

Does the 5.12% loss include dividends?

That's a good question about the dividends, Tom.
Counting dividends, the annualized return, or loss, for the 00s is - 3.32%, according to Howard Silverblatt. In the 1930s, dividends turned the annualized 5.26% price decline into a return of 0.97%.

That's another reminder that dividends were always important in the stocks for the long run argument. Too bad so much of the corporate cash that used to go for paying dividends was diverted to buying back stock to offset dilution from management stock options.