This is worth noting.
U.S. stocks have gained about $5.2 trillion in value since the low in March, putting the gain for the year at $2.6 trillion. But the climb was still not enough to give investors a win for the decade. The S&P fell 24.1 percent from 2000-09, its first loss for a decade. S&P says it managed to advance during the Depression thanks to dividend payments.
It seems incredible that the stock market could have done worse than the Great Depression, yet it is true. How long before the sheeple wake up to the fact that buy-and-hold is for suckers? Meanwhile, on the other end of the spectrum, its looking like the 21-year bull market in Treasuries is ending.
The yield on the 10-year Treasury note, used as a benchmark for interest rates on mortgages and other consumer loans, stands at 3.84 percent, up from 2.22 percent a year ago. Investors are no longer fleeing to the safety of U.S. government debt.