Some Perspective

Thanks to today’s sell-off, the Dow is currently only a few points away from where it ended the last century (11,487 on December 31, 1999). In other words, we haven’t gone anywhere in nearly 12 years.

That’s rough but it’s not unprecedented. On December 12, 1905, the Dow closed at 96.05. It would close at the exact same level on April 17, 1942. That’s 36 years and four months which is roughly the time from Richard Nixon’s resignation to today. The Dow was below 800 back then. Just think if we had seen no gain since then.

Posted by on November 21st, 2011 at 10:13 am


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