Recovery Indicators January 2017
By Dr. Joe Webb
Published: January 9, 2017
With the Dow Jones and S&P 500 at all-time inflation-adjusted highs. The recovery indicators are stronger than they have been in a while, with very bullish increases in new orders for manufacturing and non-manufacturing sectors, and a strong reading of the NASDAQ stock index.
The NASDAQ had a strong month, up 2%, but it has to rise another 22% or so to break through its all-time inflation-adjusted high of about 6740. If you've been a regular investor, that number should not scare you. If you've been dollar cost averaging since that high back in 2000, you've averaged about 8% per year. If you got scared and sold your NASDAQ stocks after their big collapse, vowing never to do stocks ever ever again, you missed that investing opportunity. Patience.