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Dow 10K: Celebrating 10 Years of 0% Return
Posted By admin On October 15, 2009 @ 4:16 am In Commentary,Featured Stories | Comments Disabled
Thursday, Oct 15th, 2009
Congratulations investors. The Dow has hit 10,000 on October 14th, 2009. You now have made officially 0 percent return if you invested in this index when the Dow first hit this magical level in 1999.
Time to celebrate for sure!
To be fair, the current markets (and economy) have certainly shown signs of resilience which flies in the face of those who have consistently predicted doom and explosion even when evidence of a rebound became more clear. But does it matter really if the Dow is at 10,000?
Jim Rogers says the Dow [.DJIA 10015.86 --- UNCH (0) ] could go to 20,000 but it wouldn’t matter if the US dollar was worth far less. And if you think about recent trends in US dollar weakness and the growing chorus of echoes suggesting the dollar should be a secondary currency, it does make some sense that symbolic index numbers are a bit meaningless.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/33320014
 Image: http://prisonplanet.tv/signup.html
 Economist: Claim that Economy Has Recovered “Is Like Somebody Borrowing Money from Their Uncle and Then Celebrating that Their Income Has Gone Up”: http://www.prisonplanet.com/economist-claim-that-economy-has-recovered-%e2%80%9cis-like-somebody-borrowing-money-from-their-uncle-and-then-celebrating-that-their-income-has-gone-up%e2%80%9d.html
 The Euro Won’t Be around in 20 Years: Jim Rogers: http://www.prisonplanet.com/the-euro-wont-be-around-in-20-years-jim-rogers.html
 Investors Selling the US dollar before COLLAPSE: http://www.prisonplanet.com/investors-selling-the-us-dollar-before-collapse.html
 The Bear Will Return In 2011: http://www.prisonplanet.com/the-bear-will-return-in-2011.html
 Household wealth down 23% in 2 years – Fed: http://www.prisonplanet.com/household-wealth-down-23-in-2-years-fed.html
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