[NYC Republican]

Dow is a little less than 400 points away from its all time high. When this threshold is passed, the MSM silence will be deafening.

To be fair, and play devil's advocate, it can be viewed as stagnation over 6 years, in that it dipped and just returned to its high. You would expect about 10% growth each year, on average, and with compounding, you're looking at up 77%... So, even though that's somewhat aggressive, the Dow, by those (admittedly somewhat lofty) standards, the Dow should be at the 18,000 level by now...

I know, I know, that's simplistic as it doesn't account for 911, etc...

[fedupjohn]

To be fair, and play devil's advocate, it can be viewed as stagnation over 6 years, in that it dipped and just returned to its high. You would expect about 10% growth each year, on average, and with compounding, you're looking at up 77%... So, even though that's somewhat aggressive, the Dow, by those (admittedly somewhat lofty) standards, the Dow should be at the 18,000 level by now...

Thats not completely accurate. The run up of the DOW-30 during the 90's did not come with the natural and needed retracements and consolidations.
If it did the 11K+ high would have not been that high.
In 2003, I did some work for a Bond Trader on Wall Street, he said the retracement needed to get down to about 7K +/- before it will be able to build a foundation.
He was right on. If you look at the charts now, there has been a step program and the advances have been built on earnings reports and not speculation.

But thats just my opinion and what do I know.SACRASM

[Choose Ye This Day]

See my Post #53.

No market moves in a straight line. You don't get 10% average annual returns in the market without some really brutal negative years and some really stellar years.

The market was WAY overvalued at its peak in the Clinton Bubble years. Now the valuations are back down out of the clouds, and the market is still chugging along.

[nopardons]

To be accurate ( which is far more important than "fair" ), what you posted is a fairy tale based on delusion. The market has NOT stagnated and to expect a 10% growth each year, is nuts; not to mention completely unrealistic and antithetical to the factual history of the market!

[farlander]

Umm, well - one could reasonably argue that what we had in '01 was the peak of a bubble, and that we have finally reached the level where it really should be.

In either case... life is good! And democrats can stew all they want.

[Flavius Josephus]

Have you seen the profits Exxon-Mobil is making? Have you seen the retirement money their CEO is walking away with? How can I be happy when somebody is making money and it's not me?