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Perspective

Posted on October 10, 2008 - 10:42am at Bill Hobbs
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Even though the stock market has lost 40 percent of its value since one year ago, as measured by the Dow Jones Industrial Average, the stock market at the end of yesterday was still up 397 percent from its close on Oct. 10, 1988, at 2,158, twenty years ago today.

If you had invested $1,000 in a broad-based mutual fund on Oct.10, 1988, and the fund had merely followed the performance of the DJIA, you would have $3,970 today.

Granted, you would have a lot more if you had sold a ye