Comments on: A much better start than last week http://www.dinocrat.com/archives/2008/10/14/a-much-better-start-than-last-week/ Fri, 12 Mar 2010 02:46:49 +0000 http://wordpress.org/?v=2.6.3 By: feeblemind http://www.dinocrat.com/archives/2008/10/14/a-much-better-start-than-last-week/#comment-314250 feeblemind Tue, 14 Oct 2008 17:54:32 +0000 http://www.dinocrat.com/?p=6861#comment-314250 Just a dead cat bounce???? We'll see soon enough. Just a dead cat bounce???? We’ll see soon enough.

]]> By: MarkD http://www.dinocrat.com/archives/2008/10/14/a-much-better-start-than-last-week/#comment-314247 MarkD Tue, 14 Oct 2008 12:06:54 +0000 http://www.dinocrat.com/?p=6861#comment-314247 Maybe the bankers finally figured it out. If they don't lend money, who needs bankers? Maybe the bankers finally figured it out. If they don’t lend money, who needs bankers?

]]> By: gs http://www.dinocrat.com/archives/2008/10/14/a-much-better-start-than-last-week/#comment-314244 gs Mon, 13 Oct 2008 22:23:43 +0000 http://www.dinocrat.com/?p=6861#comment-314244 <i>Of course, it wasn’t until 1954 that the Dow undid the damage that had been done in 1929.</i> Not to be pedantic, but it took <a href="http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=11&compsyms=&D4=1&DD=1&D5=0&DCS=2&MA0=0&MA1=0&CP=1&C5=1&C5D=1&C6=1929&C7=12&C7D=15&C8=1954&C9=1&CF=0&D7=&D6=&showchartbt=Redraw+chart&symbol=%24INDU&nocookie=1&SZ=0" rel="nofollow">almost 3 years</a> for the October Dow to bottom from its 1929 high. Come to think of it, I <i>do</i> hope my point is pedantic with no relation to the immediate future. It's been too long since I read <a href="http://en.wikipedia.org/wiki/The_Intelligent_Investor" rel="nofollow">The Intelligent Investor</a>, but iirc it states that an investor who began dollar-cost-averaging at the 1929 high would have compounded his money at an annual average of 8% by the time the market returned to the high a quarter-century later. Of course, it wasn’t until 1954 that the Dow undid the damage that had been done in 1929.

Not to be pedantic, but it took almost 3 years for the October Dow to bottom from its 1929 high. Come to think of it, I do hope my point is pedantic with no relation to the immediate future.

It’s been too long since I read The Intelligent Investor, but iirc it states that an investor who began dollar-cost-averaging at the 1929 high would have compounded his money at an annual average of 8% by the time the market returned to the high a quarter-century later.

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