Wednesday, November 19, 2008

Stocks For The Long Run

The DJIA first hit today's closing level (7997) 11 years ago.

Do you remember the buzz about stocks in mid-1997? Stocks were the thing, with assured gains of 20% per year! If that had panned out, the DOW would now be at 59,000. Thankfully, we were smart enough to not regard anything else as a "sure thing" after the stock bubble burst!

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