Decade Inflection Points

If March 9th holds up as the low, this could continue a tradition of major market turning points near the turn of a decade.
The Nasdaq peaked in March 2000 over 5,000. It’s still down over 60%.
The Japanese Nikkei peaked on the last day of trading of 1989 near 39,000. It’s still down around 75%.
Gold peak at $850 just three weeks into the 1980. Gold eventually bottomed out around $253 in 1999, again close to a new decade.
One of the greatest bull markets in history began in June 1949. Thanks to high dividends, the market averaged over 20% a year above inflation for the next seven years.
Finally, in late 1929, stocks ran into a wee bit of trouble.

Posted by on July 28th, 2009 at 2:44 pm


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