The Millennium Thus Far

Since December 31, 1999, the Dow has gained exactly 7.5 points.

Not percent — points. On a percentage basis, that comes to 0.065% spread out over 11.8 years.

Suddenly, T-bills don’t look so bad.

(BTW, with dividends, the total return is 32.25%.)

Posted by on October 19th, 2011 at 9:36 pm


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