sa<>Excessive Debt Will Continue To Constrain Economic Growth 1 comment | January 4, 2012 | includes: DIA, QQQ, SPY
As we enter the twelfth year of the secular bear market in US stocks, it is instructive to review the structural environment that has produced a 0.2 percent annual compound return on the S&P 500 index since the secular peak in 2000 (click to enlarge images):
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