Oh I agree, I just couldn't find a better chart right off.
If you allow for 15% growth, a pretty good rate, from the time that the NASDAQ was about 150, you get about 1200 as a reasonable level for it. This fits pretty well with your estimate.
If you allow 10% growth for the Dow from when it was about 1000, you get aabout 6000, which again seems reasonable to me. Four years ago I would have said 4000, but there's been a lot of value added since then, and some inflation--not much.
But in a real bear washout, as we all know, those levels might not hold.
I would start buying discounted closed-end mutual funds at those levels, however, if I live to the time we get there! |
