Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (25103)	1/8/2003 8:16:40 PM
From: Canuck Dave	Read Replies (1) of 36161

I don't think Dow 1000 is in the works. I keep a chart of the Dow adjusted for inflation since 1966 (the real end of the post war bull). Dow was 1000 then, and that would be about 5500 in 2003 dollars. Expect inflation to battle deflation for a while. There's a plot on some site on a logarithmic scale that shows how the Dow oscillates around a 7% growth line (which is straight a log scale) on a 20-30 year time period. Based on historical overshoots to the down side, the curve puts the expected final bottom in the 4000 range. Might take a while, though. CD

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