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I remember looking at the Nikkei circa 2010, and noting it had (about) halved from late 1989 to 2000, then (about) halved again by 2010, and thinking of that lost generation of investors there. They had certainly earned all of the funds that ended in "...ex Japan."
Meanwhile, the S&P went from 353 in 9/1989 to 1,326 in 12/2010, and then UP to 4,982 as of yesterday. Slightly different rides!
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Meanwhile, the S&P went from 353 in 9/1989 to 1,326 in 12/2010, and then UP to 4,982 as of yesterday. Slightly different rides!