U.S. Equities' Heartbreaking Performance is Nothing New

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dc.contributor.authorWeigand, Robert A.en_US
dc.dateNovember 2009en_US
dc.date.accessioned2018-11-02T14:38:40Z
dc.date.available2018-11-02T14:38:40Z
dc.date.issued2009-11-1
dc.description.abstractUS equities have delivered poor long-term returns with surprising regularity: in the 1910s, the 1930s, the 1970s, and the 2000s. Following bear markets of the 1930s and the 1970s, stock valuations languished for a considerable period before providing investors with long-term returns that outperformed inflation. Investors should consider that much of the increase in stock values from March-August 2009 may be driven more by a 1990s-style belief in the infallibility of equities as an investment class than by tangible improvements in global economic conditions. The risk remains that much of the gains in stocks in 2009 could be another "false start" that characterized recoveries from former "super-bear" markets.en_US
dc.description.sponsorshipKaw Valley Banken_US
dc.format.mediumPDFen_US
dc.identifier.otherSchool of Business Working Paper Series; No. 115en_US
dc.identifier.urihttps://hdl.handle.net/10425/333
dc.language.isoen_USen_US
dc.publisherWashburn University. School of Businessen_US
dc.subjectStocksen_US
dc.subjectBear marketsen_US
dc.subjectFinancial crisisen_US
dc.subjectUnited Statesen_US
dc.subjectEquity returnsen_US
dc.titleU.S. Equities' Heartbreaking Performance is Nothing Newen_US
dc.typeWorking paperen_US
washburn.identifier.cdm44en_US
washburn.identifier.oclc554925039en_US
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