Some celebrated the Dow Jones
Source: S&P Capital IQ, using dividend-adjusted returns of SPDR Dow Jones Industrial ETF.
What does this mean? Like Dow 13,000, not much. It's a psychological milestone that tells us nothing about value, opportunity, or what might happen next.
But what it does say loud and clear: Patient investors win. After the deepest recession since the Great Depression and a near collapse of the global financial system, it took just four years for investors who bought at the very top to recoup their losses. Those who scooped up bargains along the way have done far better.
How have you done over the past four years?