The Dow Jones Industrial Average closed at 11,573 today. The Dow is up 13.86% year to date.
How far we have come from March of 2009 when the Dow fell as low as 6,469. In less than two years, the Dow is now within a reasonable distance of the all-time high, 14,164, reached in October of 2007.
What would it take for the Dow to once again reach this high point? A 22% increase.
The lesson: Markets are cyclical. Intelligent Investors understand this and they have the courage to remain committed to their investment plan even during the darkest of markets.
Merry Christmas!
No comments:
Post a Comment