Expert: Dr. Joseph de Beauchamp - 4/22/2007

Question
I am trying to find about the theory that the Dow Jones Industrial Avg (DJIA) has averaged 9% a year in any given 10 year period since its inception.  If this is true, where can I find that reference on the internet.

Thank you.

Bill W

Answer
http://www.stockmarkettiming.com/historical-charts.html

This is a good site. For the period since 1900 to present it is less than 5% per year. Only since 1984 has it averaged more than 9%. The rest of the time it has been much less than 9%.

Dr. Joseph de Beauchamp