Wall Street Closes Its Worst Decade in 200 Years of History
31 Dec
The bounce experimented that year by the markets, hasn’t been able to prevent Wall Street to close this year its worst decade in 200 years of history.
Since the end of 1999, Wall Street has lost an average of 0,5% of his value per year. During all this time, markets have received a lesson to the Americans who invested in Wall Street to save money for their retirement.
Many investors in Wall Street won a lot of money because of the market bounce begun in the beginning of the 80’s that lasted until the end of the 90’s. In this period, Wall Street had it’s best behavior in the history, with earnings by an average of 17′6% yearly, that increased share prices in Wall Street.
All this was followed by a trim of dividends by the big companies that braked the profits in Wall Street. But was in 2008 when the ”absolute fear” gave the worst behavior in the history of this market.
The falls in Wall Street since the end of 1999, converted this decade in the worst since 1820, when began the reliable records in Wall Street, According the records of the finance professor in the University of Yale, William Goetzmann.
The falls recorded this last 10 years overpassed the ones of the Greath depression decade, the one in the 30s, and the ones in other decades with financial crisis like 1907 and 1893.
According Michele Gambera, chief economist of Ibbotson Associates. ”The last 10 years have been a nightmare , really pessimal for the American Markets”
In this decade, However, companies close to the energy industry obtained important revaluations. This is the case of Chevron or Exxon Mobil, that rocketed by more than 70%. In the S&P500 this industry has rocketed by 145% during the worst decade of Wall Street.
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