Re: Betting on another 911
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Nikkei-225 1987-2007, DJIA 1929-1954, 1966-1982. And those were *nominal* declines, which is insanely awful over a stretch that long. You'd note that on an inflation-adjusted basis, DJIA had an unbelievably awful stretch from 1929 to 1982 as well. It merely doubled from the high in 1929 to the low in 1982 over the course of 53 years, far lagging behind inflation.
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Those poor investors who bought in the late 80s in Japan have been waiting 20 yrs to break even and they are not even half way home. Maybe they will have to leave it to their grandkids to get their money back.
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