The DIJA is an index of 30 stocks...yes, 30 stocks, out of about 5000 (and of those 30, half have been crushed over the past 6 years). Last I checked, the NASDAQ, S&P 500, and a multitude of other, wider indexs were still well off their highs.
The DIJA is for public consumption purposes, and has very little to do with anyone's 401K, etc....unless you own the 30 DIJA stocks (in which case, congrats...you are exactly where you were 6 years ago).
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Or if you invested within the last 5 years, you're up over where you started. And in general, other stocks tend to follow the movement of the Dow. What impacts those stocks will impact others not part of the Dow index.
Most of these other indexes are back in the ballpark of their all-time highs. The S&P 500, for example, peaked at around 1,520 in 2000 and is at least within striking distance of that number.
The NASDAQ isn't even a real index, as far as I'm concerned -- mainly because it's "historical high" was based on prices of stocks that didn't even have legitimate price/earnings numbers (they didn't have any earnings).
Not Quite! The interday high for the dow is 11908.50 (1/14/2000)
The DIJA is for public consumption purposes, and has very little to do with anyone's 401K, etc....unless you own the 30 DIJA stocks (in which case, congrats...you are exactly where you were 6 years ago).
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Ummm...if you've been BUYING large caps in a 401K during the past six years while the were down, you are NOT where you were six years ago.
My employees are very happy with their retirement accounts.