If all you had to go on was the return on U.S. stocks over the past decade, you’d never guess that the world’s financial system had its worst crisis in generations, let alone that stocks had their biggest crash since World War II. The U.S. market has had a vintage 10 years, and returns—even including the calamity that was just appearing on the horizon in the summer of 2008—have been far better than the long-run norm. An investor who simply bought the S&P 500 in June 2008 and ignored the market carnage that followed has...

Source: Wall Street Journal June 04, 2018 17:20 UTC