Saturday, January 24, 2004

Moooneeey..Its a gas

Well I was doing some reading at CNN.

And I picked this up.

To cite a severe example, if you had bought the stocks in the Dow Jones industrial average at their peak in early 1966, you wouldn't have made any significant profit until mid-1983 -- more than 17 years later. Even that was better than if you'd bought in the pre-crash peak of 1929. After that, it took until 1954 for the market to regain all it lost in the Depression. As for the market woes of the early 2000s, it would take more than five years using an historical average rate of return, for the Dow to return to its glory-day levels from its October 2002 low.

Well I looked up some data, and apparently from that October low in 2002 we have regained half of what we lost, in just a year and a half.

As of when I wrote this article the Dow had closed at 10568.29. Which is a good bit more than the earlier graph stated.

Very interesting huh.


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