Dow 1,000,000

Doug Henwood dhenwood at panix.com
Sat Mar 13 09:25:16 PST 1999


Greg Nowell pointed out that the timetable for Dow 1,000,000 I posted the other day was mislabeled. Here's a corrected version. It assumes that the average price return since 1994 will extend indefinitely. Dividends excluded, since as the enlightened one informed us, they're risible. They would, however, add 2 percentage points to the return average, and bring Dow 1,000,000 two years closer - to 2019 rather than 2021.

Maybe Chelsea could run for president in 2020 on a Dow 1,000,000 platform, carrying on her father's legacy.

Doug

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1994-99 avg 23.5% 1999 10,000 2000 12,347 2001 15,245 2002 18,823 2003 23,240 2004 28,694 2005 35,429 2006 43,744 2007 54,010 2008 66,686 2009 82,337 2010 101,660 2011 125,520 2012 154,978 2013 191,351 2014 236,259 2015 291,708 2016 360,170 2017 444,700 2018 549,068 2019 677,931 2020 837,037 2021 1,033,485 2022 1,276,037 2023 1,575,515 2024 1,945,279 2025 2,401,824



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