Discussion in 'Economics' started by traderdragon2, Aug 18, 2008.
The next decade will be worse than this current one....
World stocks tumble as Dow eyes 1997 lows
Friday February 20, 10:16 am ET
By Pan Pylas, AP Business Writer
World markets tumble as Dow eyes 1997 lows as investors begin to write off 2009
LONDON (AP) -- World stock markets tumbled Friday amid concerns that Wall Street may see further declines on investor fears that 2009 may be an economic write-off.
The fall in the Dow continued at the open Friday as investors worried that the downturn in equities is far from over and could be set for a new phase. On Thursday, it closed at 7,465.95 -- worst since Oct. 9, 2002, when the last bear market hit rock bottom, and some traders think the next stop could be a 12-year low.
that's not adjusted for inflation
BUFFETT BUFFETT BUFFETT BUFFETT
that guy hasnt made anything for 10 years
It was +22% over the last decade, nominally, when he posted.
It's now approx -3%, nominally, over the last decade.
Adjusted for inflation, it's most likely closer to -35%.
Separate names with a comma.