The Dow Jones Industrial Average Hits 11,000
Duncan notes that it is back up to where it was in June, 2001. That means that your investment has taken 4½ years to come out of the “red”.
Of course, that doesn’t include what you have paid in management fees or the value lost to inflation. You would have been ahead stuffing the money in your mattress, but not as well off as putting it in a passbook savings account at your local bank.
The Shrubbery’s running joke about tax cuts for the wealthy encouraging investment and creating jobs sure is getting old.
