You can see that even during the Roraring '90s, a 17% gain during a year did not occur.
Well, I calculated the returns for each year from 1994 onwards and there were many years when the DOW exceeded a 17% gain. See for yourself:
Date... DOW... %age gain from previous year
12/31/1994... 3,834.44... 16%
12/31/1995... 5,117.12... 33%
12/31/1996... 6,448.27... 26%
12/31/1997... 7,908.25... 23%
12/31/1998... 9,181.43... 16%
12/31/1999... 11,497.12... 25%
12/31/2000... 10,787.99... -6%
12/31/2001... 10,021.57... -7%
12/31/2002... 8,341.63... -17%
12/31/2003... 10,453.92... 25%
12/31/2004... 10,783.01... 3% |
