Happy New Year! Last year’s strong stock market performance was not enough to overcome a dismal decade for stocks. In fact, for the first time since the Great Depression, the Dow Jones Industrial Average just completed a negative 10-year span. So, I’m happy we are moving on:
Source: Chart of the Day
In the past, a terrible decade for stocks has generally led to better times and, in this case, I hope that history repeats itself.
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Kurt Brouwer is a fee-only financial advisor with three decades of experience. He is the chairman and co-founder of Brouwer & Janachowski, LLC. Kurt has written books, articles and hundreds of blog posts on mutual funds, ETFs and other investment topics. E-mail: kurt.brouwer *at* gmail.com.
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