Friday, January 1, 2010

Stock Market: Good Year, Bad Decade

For the year:

Dow 18%
S&P500 23.5%
Nasdaq Comp 44%

For the Decade:

Dow -8.34%
S&P500 -0.9%
Nasdaq Comp -44.2%

“It’s been a decade of delusion,” said Richard Tedlow, professor of business administration of Harvard Business School in Cambridge, Massachusetts. “In many ways, we’re worse off than the 1930s, we’ve created problems of moral hazard and we’re faced with an astounding public debt.”

source and source and source

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