Value Microcaps Motherboard

[lentinman]

HISTORICAL DOW RETURNS:

I hadn't done this in a long time, so I went back and determined the annualized return for the DOW for each year back to 1987. After that, I went back by decade to 100 years. This is all based on closing prices on June 26 of each year.

The DOW is -14.1% in the past year. Just as bad, IMO, although it is not shown, the DOW is -2.29% (annualized -.28%) since the high on January 14, 2000.

Also, the DOW is +5.0% annualized in exactly 100 years.

I recall when it was common place to refer to the DOW as historically producing 10-12% returns on average. Clearly, that is nowhere near true anymore.

      Annualized 
 Year    Return 
 2007   -14.1% 
 2006   - 1.8% 
 2005     3.6% 
 2004     2.5% 
 2003     4.8% 
 2002     3.9% 
 2001     1.3% 
 2000     1.0% 
 1999     0.9% 
 1998     2.0% 
 1997     3.7% 
 1996     6.0% 
 1995     7.4% 
 1994     8.5% 
 1993     8.1% 
 1992     8.1% 
 1991     8.4% 
 1990     8.1% 
 1989     8.3% 
 1988     8.7% 
 1987     7.6% 
 ----------------------------------- 
 September 20, 1985  +10.007% (BEST) 
 ----------------------------------- 
 1978     9.3% 
 1968     6.4% 
 1958     6.1% 
 1948     7.2% 
 1938     6.4% 
 1928     4.7% 
 1918     5.6% 
 1908     5.0%

Len




When the TA and the FA don't jibe, believe the TA. -- Dr. Ze'ev Hed