“(Money Magazine) — Had you looked back in January to see how stocks did in the prior decade, you’d have been underwhelmed by annualized gains of just 3%.
Repeat that exercise today and you’ll get a decidedly brighter picture: The Dow has gained nearly 9% a year and the S&P 500 more than 8% now that the effects of the March 2000 to October 2002 bear market are more than a decade in the rearview mirror. That’s nearing the 9.8% historical average return of U.S. stocks.”
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