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Closing the book on a decade of equity returns. After being up 181% in the first nine years, the Dow Jones Industrials Average closed it out with a 25% year. In total, the Dow was up 252% this decade (with the S&P 500 nearby at +256%). This was “only” the 4th best out of 12 decades.
Since 1896, the Dow has been up 3/4ths of the time, and average total returns have been ~12%. The average “up year” is over 21%, and the average “down year” is 15%. Since 1980, there have been 33 up years, and just seven down years.
FOOTNOTES
DISCLAIMER
The views and opinions expressed in this post are those of the post’s author and do not necessarily reflect the views of Albert Bridge Capital, or its affiliates. This post has been provided solely for information purposes and does not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The author makes no representations as to the accuracy or completeness of any information in this post or found by following any link in this post.
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Here We Go
I will try as always to be objective here, but maybe some bias will be revealed in the process. I hope not, and I am sure you will let me know if I do. Given how politically charged things can be these days, I am bound to upset someone. That is not my intention. Not one bit. I am trying to help. I’m trying to help our investors. I’m trying to help my friends. I’m trying to help myself.
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