Re: FYI the Dow in 1896 hit a low of 28.

["A.J. Carisse" <carisse@xxxxxxxxxxx>]

BrentinUtahsDixie wrote:

> The Lowest the Dow has been was 28 and that happened in the year that the
> Dow was created in 1896.

Here's one for you.  You hear of all the talk about expectations of 20% market
growth.  If the Dow was 28 back then, and underwent a 20% growth per year, it
would currently be...3,339,220,733.  CNBC would have recently done the Dow 3
billion show <g>.  A typical Dow stock now trading at, say, $100 would instead
be over $41 million per share.  Now, say this 20% growth continues over the
next 20 years, from present levels, the Dow would skyrocket to over 356,000 by
2018.  Probably a bit on the optimistic side <g>.

Regards,
A.J.