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mistertrickster's Journal
If you invested in a Dow index seven years ago, you've made 2.1 percent annual return.
Posted by mistertrickster in General Discussion
Thu Jan 17th 2008, 10:22 PM
2.1 percent . . . that's not even keeping up with inflation.

I can't remember a period, even the Nixon-Carter years, when the Dow has been so flat for so long.

Jan 2001

Dow at 10,600

http://news.bbc.co.uk/1/hi/business/182142...



Today, seven years later

Dow at 12,159

http://www.nytimes.com/2008/01/17/business...

That's barely a 14 percent increase over seven years.

We'd have been better off buying a bank CD.

*****

Thanks to Worst. President. Ever., Democratic and Republican alike get to work a few more years before we can afford to retire.

But . . . praise Allah, Halliburton is doing so well, isn't it.
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