For Stocks, The Worst Decade Ever
Discover Chris Rowe’s Internal Strength System the ultimate stock trading system that works in both bulls and bears. Forex is a better option than stocks. Learn Forex Day Trading from Bill Poulos especially those who have no time and no experience but still want a 5 figure monthly income part time with forex. Know these Candlestick Patterns! Robert Folsom, Club EWI Manager, Elliott Wave International on the stock market of this year: December is the customary time for the media to publish articles about “How the stock market did this year.” But, any honest “lookback” article at the close of 2009 won’t be customary at all. The full story will include a lot more than an “up-or-down-or-sideways” summary about the Dow Industrials and S&P 500. To wit, this is more than another end-of-the-year: These are also the final days of the decade that began in 2000. As for how much more, that’s best explained literally in terms of how much less: “For Stocks, the Worst Decade Ever”. That headline ran atop an article in last week’s Wall Street Journal. The words do not exaggerate. As the article itself said, “With two weeks to go in 2009, the declines since the end of 1999 make the last 10 years the worst calendar decade for [U.S.] stocks going back to the 1820s, when reliable stock market records begin…”
This is the deathblow to a theory held by a generation of academics, economists and advisors who preached “efficient markets” and “stocks for the long run.” More to the point, their theories built on sand contributed to the now-vanished wealth of millions of investors. The even sadder truth is that the average stock investor grossly underperforms the stock indexes. When the indexes lose, individual investors lose even more.
We forecast almost every major financial market in nearly every region of the world. Not that it needs saying, but I’ll say it anyway: Sometimes we’re wrong. Yet we were right about the big picture for the U.S. stock market during the past decade. We were right to warn that a crash could wipe out years of nominal gains; and to say that a person’s home would provide little financial shelter; and to shed light on the speculative excesses in markets like stocks, real estate and crude oil. In his speeches, scores of interviews, monthly Elliott Wave Theorists and a bestselling book, Conquer the Crash, Robert Prechter warned anyone who would listen.
Of course, many people did listen. And we hear from those grateful subscribers all the time. It was not the “worst decade ever” for their investments. In a few days, another year — and the next decade — will begin. The choices you make about your financial future begin with your choice of information. So my appeal to you is simple: Choose an information source that has proven itself as none other has.