Dow Jones Industrial Average (.DJI) climbs to 15,000 for the First Time.
In 1921 DJIA was 64, today it is 15,000.
During this time there was:
- Market Crash of 1929
- The Great Depression
- World War II
- The Cold War
- Vietnam War
- Oil Crisis of 1970s
- First Gulf War
- Wars in Yugoslavia
- September 11th, 2001
- War on Terrorism
- War in Iraq (Second Gulf War)
- Financial Crisis of 2008
- European "Euro" and Budget Crisis
There are many things I didn't mention, and there will be more coming. All these events made the markets to either go down or crash. Yet DJIA still went up from 64 to 15,000 in 92 years.
That is an increase of 23,300% or 6.11% compounded annually.
You will not make money by dancing in and out of the markets. Long term only.
Happy Investing!
Damian
