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News : International Last Updated: Jan 4, 2010 - 3:23:53 AM


Global Stock Markets 2009: Russia, Brazil, India and China - - the best big market performers; Worst decade for US stocks since 1820s
By Michael Hennigan, Founder and Editor of Finfacts
Jan 1, 2010 - 10:30:26 AM

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New York Stock Exchange

Global stock markets were boosted by government support programs across to world in 2009 with Russia, Brazil, India and China, the best big market performers. The decade has been the worst for US stocks, since the 1820's and regional indexes in Europe and Asia also show decade declines.

The Russian market rose 111.6% in 2009, followed by Brazil at 82.7%; India's BSE Sensex 30 at 81% and China's Shanghai SE Composite Index with a 79.2% return in 2009.

Sri Lanka gained 125.3% and Indonesia 87%.

The Australian benchmark S&P/ASX 200 gained 30.9%; and laggards in Asia, were Japan's Nikkei 225 up 19.0% and New Zealand's NZX 50 climbing 18.9%.

The MSCI Asia Pacific Index rose 35% and tracks about 1,000 regional stocks.

The MSCI Asia Pacific Index ex-Japan stocks - - about 400 - - surged 68%.

India's Sensex Index has more than tripled in the past decade, compared with a 4.5% drop in the MSCI Asia Pacific Index.

March 9th, was the day in 2009 to make money as the Asia Pacific Index plunged to a 5-year low and rose 70% subsequently, while indexes in Europe and the US plunged to 12-year lows on the same day.

In Europe, national benchmark indexes rose in all of the 18 western European markets with the exception of Iceland, in 2009.

Norway's OBX was the best performer in 2009, gaining 70%.

The FTSE 100 saw its biggest annual rise since 1997, adding 22% and becoming the first advanced country to recover its post September 2008 Lehman Brothers' crash loss; Germany's Dax rose 23% while France's CAC 40 added 22.%.

Ireland's ISEQ gained 27% but the ISEQ Index closed at 30% of the February 2007 high.

The Dow Jones Stoxx 600 rose 28% in 2009 but is 33% down in the past decade. It fell 46% in 2008.

In New York, the Dow rose 18.8% in 2009 and is down 26.4% from its all-time record set in October 2007.

The Standard & Poor's (S&P) 500 stock index gained 23.5% in 2009 and the Nasdaq Composite Index added 43.9% on the year.

The rally from the stock market's 12-year low in March represents the strongest rebound since 1933. The Dow has risen 61% over that period.

It took the Dow until late 1954 to reclaim its pre-1929 crash high.

The Dow closed 2009 at 10428.05 but it first crossed the 10,000 threshold in 1999.

Dow Jones Milestones since 1896

The Nasdaq peaked at 5,048 in March 2000. It closed Thursday at 2,269.15.

Shares of Warren Buffett's Berkshire Hathaway  (scroll down page) far outperformed the benchmark S&P 500 stock index over the decade of the 2000s, with a gain of 76.8%.

The S&P dropped 24.1%, excluding dividends, over the same ten-year period ending Thursday.

The Wall Street Journal said Thursday marked the end of what has been the worst calendar decade for stocks since the 1820s, when reliable stock-market records began, according to data compiled by Yale University finance professor William Goetzmann.

Interactive Table from 1830

The 1950s was the best decade for US stocks.

The Journal says that since the end of 1999, the Standard & Poor's 500-stock index has lost an average of 3.3% a year on an inflation-adjusted basis, compared with a 1.8% average annual gain during the 1930s when deflation afflicted the economy, according to data compiled by Charles Jones, finance professor at North Carolina State University. His data use dividend estimates for 2009 and the consumer price index for the 12 months through November.

Bloomberg reports that the S&P 500 posted an average decrease of 0.9% a year since 1999 including dividends, the first negative return for a decade since data began in 1927, according to S&P analyst Howard Silverblatt. 

“This dispelled two myths,” Robert Arnott, founder of Research Affiliates, which oversees $47 billion in Newport Beach, California, told Bloomberg. “The notion that investment gains are easy, and the notion that stocks will win for the patient investor, no matter what we pay.”

US indexes and S&P sectors' performance over decade

Gold gained 24% for the year, rising as high as $1,227.50 and closing at $1,096.20.

Reviewing the major market moves of the last decade, with CNBC's Bob Pisani:

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