Assessing Non-Equity Performance
In yesterday's column, I looked at the incredibly robust performance of equity markets, especially U.S. indices, since the very dark days of March 2009. Since then the S&P 500 has eclipsed both its median historical bull market return and duration by a smidge, especially if it remains in a secular bear trend. Of course, yesterday's article included a chart of the iShares Russell 2000 (IWM), which illustrated how that index has endured both a 20% and 30% correction over two distinct periods. This has led many observers to conclude that we have launched into a new bull leg, and that this current advance has much more room to run. Confused already?
For most of the last decade, investors were happy to embrace a world of multi-asset classes given the very wild ride offered by stocks. Thanks to the proliferation of exchange traded securities, it was much easier for retail traders and investors to participate in commercial real estate, physical commodities, high yield debt, and financial futures markets via a well-diversified portfolio....1036 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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