S&P500

On March 24, 1998, the S&P500 closed at a then-record value of 1106. Today, 10.5 years later, the S&P500 closed at 1106. That doesn't take into account dividends, but it also doesn't take into account inflation, whose eroding value far exceeds the positive value of dividends. So it's been truly a lost decade, just like Japan's a while back. With no sign of the end in sight.