Wednesday, October 14, 2009

Dow 10K: The Turtle Was Right

ABC's Dan Arnall offers some perspective on the Dow reaching 10,000 today: he points out that it first reached 10K a decade ago.

The inevitable question is where will it go next? Arnall says he'd be happy if it grows "slow and steady" over the next ten years.

Personally, I hope we’re celebrating Dow 15K a decade on thanks to 10 years of predictable 5% annual returns on the market. Slow and steady.

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