A Comeback for the S.&P. (If the Yardstick Is Dollars)

anforowicz

A Comeback for the S.&P. (If the Yardstick Is Dollars)

IT has taken 88 months, or nearly three-quarters of the decade, but the American stock market is finally back to where it ended the last decade. At least that is true if one measures stock performance in the traditional way, using dollars. [...] Measured in euros, on the other hand, the S.& P. has lost a third of its value. Measured in British pounds, the decline is 22 percent.

Lukasz

TJ_98370

Interesting article (above).

....Measured in almost anything but dollars, a investor in American stocks still has significant losses on stocks owned since the end of the last decade....

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I posted the following article / interview before, but it's relevant here also. Note how Mr. Shiller says he's investing right now. Not only is he running from real estate, he also gives a strong impression of not having much faith in the immediate future of the U.S. stock market.

Question: How are you investing now?
Answer: I'm probably a little over 60 percent in stocks, almost all of it outside the U.S. I have a lot of cash. And I've been reducing my exposure to real estate. It may be at the end of a cycle.....

Shiller: Mr. Worst-Case Scenario
Robert Shiller called the tech-stock crash just as the Nasdaq peaked. But he is also the expert on the real estate market.....

Full Article:
http://money.cnn.com/2007/04/09/real_es ... /index.htm
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