ROLLING 10YEAR STOCK MARKET RETURN-
S&P 500: Annualized
ROLLING 10-YEAR STOCK MARKET RETURN
Total Return Before Transaction Costs (1900-2020)
20%
15% 10%
Avg. = 10%
5%
0%
-5%
-10% 1909
1923 1937 1951 1965 1979 1993 2007 Ending Year Of 10-Year Period
Copyright 2004-2021, Crestmont Research ()
2021
S&P 500: Annualized Return
10-YEAR STOCK MARKET RETURN (COMPONENTS)
Total Return Before Transaction Costs (1900-2020) 20%
15%
10%
5%
0%
-5%
-10% 1909 1923 1937 1951 1965 1979 1993 2007 2021 P/E Increase P/E Decrease Dividend Yield EPS Growth
Copyright 2004-2021, Crestmont Research ()
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