Sounds kind of ominous. I was watching the tube yesterday and the one of the hosts asked the guest analyst if we are heading into another "Lost Decade". My ears perked up. Lost decade??? He went on to refer to the first decade of the new millennium as The Lost Decade when returns for the entire ten years were sub-par.
I wasn't calling it The Lost Decade a few months later when, on July 16, 2010 I wrote A Little More About The Last (Next) Ten Years. In this one I included a chart showing the returns of the TSX for the 12 month period ending July 8 for each of the past ten years. Up and down, to be sure. Some good ones? You bet! Some ugly ones? Yup! Because none of us were smart enough to time the market, we hung in there for the whole ten years. Final return? 10% for ten years and I'm not talking 10% annual, I'm talking 10% in total for ten years. The Lost Decade!
I wasn't calling it The Lost Decade a few months later when, on July 16, 2010 I wrote A Little More About The Last (Next) Ten Years. In this one I included a chart showing the returns of the TSX for the 12 month period ending July 8 for each of the past ten years. Up and down, to be sure. Some good ones? You bet! Some ugly ones? Yup! Because none of us were smart enough to time the market, we hung in there for the whole ten years. Final return? 10% for ten years and I'm not talking 10% annual, I'm talking 10% in total for ten years. The Lost Decade!
