The broad-based US index S&P500 is up 60% over the last 10 years. Bearing in mind that dividends are not included and that inflation has been low, you might think a passive investor in US equities would be somewhat relieved. Especially when compared to some other markets: the UK FTSE100 and the Australian ASX200 are both at virtually the same level as they were 10 years ago.

Source: Google Finance