From: Rich Carreiro 
Newsgroups: misc.invest.financial-plan
Subject: Re: Do you worry about debt?
Date: Mon, 28 Mar 2005 21:06:37 CST
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Douglas Johnson  writes:

> Not so.  I don't have S&P 500 figures for period, but the Dow peaked
> at 384 in August of 1929 and didn't return to that level until
> November of 1954.  That's 25 years.

Looking at the raw numbers are meaningless.  The DJIA (like the SP500)
are price-only indexes, not total return indexes.  So saying it took
25 years to "return to that level" vastly overstates how long it took
people to get even, since it ignores dividends.

-- 
Rich Carreiro                            rlcarr@animato.arlington.ma.us