11% is good right?
The Dow Jones Industrial Average ended 2008 at 8,776. As of noon today, the Dow, down 65 points, is at 9,719. That’s almost an 11% return for 2008. Granted the stock market was down from 14,093 in Oct 2007 and actually fell to 6,626 in March 2009. But, however it got here…I’ll take 11%. The past is the past in terms of stock market losses. The question is how do we earn a reasonable rate of return going forward?
I think the market is catching its breath. There is no way it should be going significantly higher based on the number of unemployed. It could take a long time to catch its breath. 11% for 2010 is 10,788. It’s not setting the world on fire but it’s enough to get rich…over time.
So, as the market seesaws back and forth, I am watching the above numbers. If we can end 2009 somewhere around 9,750…great. If we can end 2010 around 10,800…great!
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