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Maybe you've got some of those things that are 100 times cheaper for sale,
let us know.<G>
Sorry I don't get the personal attack? If I offended you somehow I
apologize and promise not to calculate your interest.
Brent
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> From: Richard <rjb@xxxxxxxxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxx
> Subject: Re: FYI the Dow in 1896 hit a low of 28.
> Date: Friday, September 11, 1998 12:09 AM
>
> I suppose you can stick with your math, but I'm damned glad you're not
> calculating the interest I earn on my money market account!
>
> As far as inflation, some things are 100 times CHEAPER now. So things
equal out.
>
> >I'll stick with my math. There are many ways to look at something.
> >
> >The power of compounding would seem great until you adjust for inflation
> >which I have no figures for but a head of beef sold for 2 to 3 dollars
in
> >the movies. Some things are probably 100 times as expensive especially
real
> >estate. So divide 9500 by 100 you get 95. If this voodoo math is right
we
> >are only about 3.3 times as high as the all time low.
> >
> >Brent
> >> If you take a level of 28, 102 years ago, and compare it to the high,
you
> >end
> >> up with an annualized return of 5.86%, even though the total growth is
> >> 33,410%, or 328% per year. Shows you the power of compounding.
> >>
> >> Regards,
> >> A.J.
> >>
> >>
>
>
>
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