Stocks v. Economy

Thursday, November 13, 2008

"We believe, however, that the future of the equity market is quite favorable. Over the last 10 years, the economy of the United States has grown roughly 60%, from $9 trillion to $14.3 trillion as of June 30, 2008. Over a similar time period, the stock market has actually fallen by 20%. Over long periods of time, however, the stock market has historically tended to grow in line or a little faster than the economy. At some point in the not too distant future, we believe that the market will recoup this 80% differential and may rise significantly."

~Thompson Investment Management, Inc.
(Thompson Plumb Growth Fund Factsheet Management Commentary for the Quarter Ended September 30, 2008)


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