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The Dow Jones Industrial Average and Record Highs
Posted by Tim Hope on 8/28/08 12:37 pm
Interestingly, since 1904 there have been 61 years in which the Dow Jones Industrial Average did not make a new high. However, of greater interest for investors is what has occurred in the following year. Historically, the median return in such a year has been 10.5%. While anything can happen before the year draws to a close, a least history is on the side of the investor for next year.
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