The good news: we're still 4000 points ahead of when Clinton's Super Bull Market started.

The bad news is that we can easily drop below 3975 at the rate the Bush Bear market is going.

List and chart of bull markets:
http://www.the-privateer.com/chart/dow-long.html

864 x (1-0.36) = 550 in inflation adj. dollars.
450 when Clinton took office = 1.3% real return over the last 16 years (basically perfectly matches my entire working and saving life), including the "boom.

So, when my mutual fund company sends me flyers saying "The market has returned 10% per year on average since 1926", well, my lifetime of experience of 1.3% makes it (or me) sound a little screwed.

The funny thing is how this has coincided with the wholesale movement of corporations to abandon defined benefit pensions in favor of 401k accounts.

Talk about having to sacrifice. Many of the middle class in this nation are just going to have to live with diminished expectations and diminished cirumstances.

lol.


If investors believe it should be that low then it will be before long. Hopefully not too many people read this forum. lol.