It has been a tough year for traders and investors alike, however when you think about it it has been an incredibly tough decade.  Despite great progress in products and business the US Markets have been great under achievers.  The Bush years have not been kind.

Take a look at the chart below here I use a quarterly line chart of the SP-500 using Bollinger Bands and Parabolic SAR.

The Bollinger bands highlight to us exactly how fantastic the 1980`s through to the year 2000 was.  130 points on the S&P to approximately 1300 at the end of 1999.  That is a Ten Bagger or 10X Growth or 1000%.  In many ways we are still paying off those 2 decades of spectacular growth.  Let’s face it, for those in the “Western World” our lifestyles have changed immeasurably during this period.  Everyone on average increased their standard of living especially in Europe & North America.  But what happened to the rest of the world, Africa, Asia, South America.  Well the last 20 years of the 20^th Century was not as kind to them.  However, the next decade will change this.  China is already a raging powerhouse economy, Brazil is staking a strong claim on the world stage, India is a technology leader, from the Philippines to  Malaysia, those that can create a good environment for business will prosper.  This is good for the world.

Freestockcharts.com chart courtesy of Worden Brothers, Inc.

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