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The 1950s were boom years with lousy return I don't know about globally, but it looks like prices tripled during the 1950's in the US. And that's not counting
by byrneseyeview 18y ago
The 1950s were boom years with lousy return
I don't know about globally, but it looks like prices tripled during the 1950's in the US. And that's not counting dividends, which were a bit higher at the time. Or did you mean something else?
http://leduc998.wordpress.com/2008/05/20/dow-jones-1950-1959/ http://leduc998.wordpress.com/2008/05/20/dow-jones-1950-1959...
In fact, I seem to remember a William O'Neill book claiming that the 50's were more speculative than the 60's. He argued that if you just treat prices as earnings and some multiple, you can demonstrate that returns in the 1950's were mostly multiple expansion, and in the 60's they were mostly earnings growth.