Dow closed at 7182 today. How long it would take before it reaches 2007 peak of 14,000? Prof. Elroy Dimson of London Business School estimates that we’ll have to wait nine more years before the Dow average, including dividends, has a 50% chance of hitting its 2007 highs.
I am sure many investors will be damn happy if they ever get their money back from the market.
You can read the complete story in Wall Street Journal.