What is a significant rally in the stock markets?
- November 30, 2008
- Posted by: Ramki Ramakrishnan
- Category: European Stocks, Nasdaq, S&P500, US Stocks outlook
I read the following in Friday’s FT and thought it is useful to quote here. “History provides some useful benchmarks. After the horrible 1973-74 bear market, equities traded up, though unevenly, until 1982 with six specific bull runs that generated an average 32 percent gain”…but, a buy-and-hold strategy over that time period yielded only 9% compounded annual gains, which merely kept pace with inflation.