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A 40-Year Look

Abnormal Returns found this 11/20/2008 on crossingwallstreet.com

The S&P; 500 closed at a 68-month low today. Given that the CPI report came out today, here’s an interesting stat. Adjusted for inflation, the S&P; 500 has advanced just 23.9% in 40 years. Annualized, that’s 0.54%. This means that almost the entire gain came from dividends. I should add that ...