
Market Update: DOW ’til Infinity
As if another unlikely event is possible for 2016, the Dow Jones Industrial Average is only 244 points, or 1.2%, away from breaching 20,000. It only took 38 months for the DJIA to double from 5,000 to 10,000 (11/21/95 to 3/29/99) but due to two major market crashes and six years of stagnant growth the DJIA has yet to double again in more than 17 years. The index annualized compounded return of 4.15% (excluding dividends) since Dow 10,000 has challenged even the most patient buy and hold investors.
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