Last year was probably a bit too good to be true for investors. Despite an average annual return of 7%, inclusive of dividend reinvestment and when adjusted for inflation, the broad-based S&P 500 (SNPINDEX: ^GSPC)and nearly 122-year-old Dow Jones Industrial Average (DJINDICES: ^DJI)soared about three times as much.
In fact, there was hardly any downside movement, which led to the coining of the term "melt-up" to describe 2017.This Seemingly "Crazy" Dow Statistic Isn't That Crazy After All
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