For all who have been investing in the stock market for the last ten years know; or should know. The Dow Jones Industrial average at January 4, 2000 closed at $10,921.92 and closed January 4, 2010 at $10,856.63. So we all experienced no growth for a 10yr period. This has happened before in the 1970’s.
So plans for all savings need to be reevaluated: College, saving and retirement.
In the 70’s we had high unemployment, high inflation, high interest rates and the Iran crisis. Today we have high unemployment, planned higher taxes, low inflation, low interest rates and Iraq, Afghanistan and the Gulf crisis.
The 198o’s had lower taxes, lower inflation and lower unemployment. I can’t wait to see what 2010’s have in store for us… But my guess will be higher federal and state deficits, higher taxes federal and state, higher interest rates, and higher inflation.
Life is nothing if not a wild ride with lots of twists and turns. You can do nothing but enjoy, endure and continue. The other option is not nearly as much fun in my opinion. SO enjoy what you do and enjoy who you do it with.