Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Europe And China Near Detonation; entered at 2012-06-05 07:27:01|
and then had to pay taxes on those illusory gains.
That is the catch most people miss. If you make a 5% return on a short-term investment and inflation was 3%, you really only gained 2% and, that is before you pay income taxes on the 5% "gain".
For a lot of people just treading water after taxes would have been a good return.