"..(on Wednesday) only 10 of the 30 Dow components were above their 2000 highs. Four stocks -- Boeing, United Tech, Caterpillar and Altria -- were the primary drivers, pulling the Dow higher despite the drag of so many other relatively weak components. 15 of the 20 Dow stocks still below their prior highs are down substantially, with GM and Intel off ~60%, and Microsoft still down by 51%, and Home Depot and Merck off ~ 40%.
Consider what happened if you actually held these 30 stocks (individual issues or through the Diamonds) since January 2000: After 6 1/2 years, you are now almost breakeven on a nominal basis. If you reinvested the dividends from the Dow, you would be up 12.7%.
On a real basis, adjusted for inflation, you are actually down 19%; With reinvested dividends, you are down around 9%.
If you were lucky enough to sell back in January 2000, and you instead simply placed the money in a cash fund (money market), you would be up ~20.87% on a nominal basis; On a real basis, you are up just under 2%."
During the same period of time (2000 - today), the Bucharest Stock Exchange Index (BET) rose by more than 5 times (adjusted for inflation)! Here's something we do beat the americans!:))
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