Thank the lord
Reel-Boy
180 Sea Pro
Hey bo… Watch this
No, thank the federal reserve. Or not.
The truth is that over the past 10 years (the first time the DOW was at 10,000) the dollar has lost 25% of its value. Therefore, below is a chart of the Dow over the last decade indexed for the DXY (dollar index), which has dropped from 100 to about 75. On a real basis (not nominal) the Dow at 10,000 ten years ago is equivalent to 7,537 today!
So much for buy and hold, eh?
PQ, but show them the chart of their portfolio if they would have been holding onto treasuries and bonds instead!!! Very few of the stocks that I own are domestic and if they are, they are domestic companies with large international operations.