About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Thursday, January 6, 2022

Dow Jones Industrial Average Quiz

This quiz will be of interest to all the investors in the readership of which there are many - but especially to young investors who should take note.

In 1999 Jim Glassman & Kevin Hassett predicted the Dow Jones Industrial Average (DJIA) would hit 36,000 - they just didn't clearly say when.  On Tuesday November 2, 2021 the DJIA closed @ 36,053.  See graph below for the trajectory.



Mr Glassman recently pointed out that the DJIA went from 826 on November 2, 1971 to 36,053 exactly 50 years later.  He also mused about what level the stock index would reach 50 years from now.

DJIA Quiz

Assuming the same rate of return actually achieved for the 50 years indicated above, what level would the DJIA reach on November 2, 2071?   What is that rate of return?

I will post all correct answers or alternatively will send my solution privately to anyone who requests it.

Just for the fun of it - guesses are acceptable for this one.