Loading ...Just last night I was discussing that with a friend, shown below FYI.
Chick,
This chart http://www.mrci.com/pdf/dji.pdf is a picture that tells a thousand words. Open a separate window on the side so you can look back and forth between chart and e-mail.
#1 Look for the 1987 crash that looks so small.
#2 Look for the March 2000 dot com peak/out that did not break even again until late 2005.
#3 Look how Dow went up only late 2005 until 2007 only a little over one year ‘in the money’.
#4 Look at the crash bottom in March 2009.
#5 The peak in 2007 was not matched again until 2013, 6 years.
#6 Now Dow at 18,000 flat for over a year, if it drops from 18,000 like prior drops….
Questions Quiz:
#1 How many points down? and
#2 How much time in years?
#3 What year or how many years?
#4 For turning point or,
#5 Next time we see 18,000 break even point break even point?
My guess?
In 3-5 years, Dow back down to 8,000 again. And we wont see 18,000 again for 10 years, or 2026.