World stocks tumble as Dow eyes 1997 lows Friday February 20, 10:16 am ET By Pan Pylas, AP Business Writer World markets tumble as Dow eyes 1997 lows as investors begin to write off 2009 LONDON (AP) -- World stock markets tumbled Friday amid concerns that Wall Street may see further declines on investor fears that 2009 may be an economic write-off. The fall in the Dow continued at the open Friday as investors worried that the downturn in equities is far from over and could be set for a new phase. On Thursday, it closed at 7,465.95 -- worst since Oct. 9, 2002, when the last bear market hit rock bottom, and some traders think the next stop could be a 12-year low. http://biz.yahoo.com/ap/090220/world_markets.html?.v=16
It was +22% over the last decade, nominally, when he posted. It's now approx -3%, nominally, over the last decade. Adjusted for inflation, it's most likely closer to -35%.