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Investor Education
Market Return After Exceptional Years
Dollar Cost Averaging Tool
Dow Theory: The Formation of a Line
Dividend Capture Strategy Analysis
Golden Cross – How Golden Is It?
Debunked – Death Cross
Work Smart, Not Hard
Charles H. Dow, Father of Value Investing
It's All About the Dividends
Dow Theory: Buying in Scales
How to Avoid Losses
When Dividends are Canceled
Cyclical and Secular Markets
Inflation Proof Myth
What is Fair Value?
Issues with P-E Ratios
Beware of Gold Dividends
Gold Standard Myth
Lagging Gold Stocks?
No Sophisticated Investors
Dollar down, Gold up?
Problems with Market Share
Aim for Annualized Returns
Anatomy of Bear Market Trade
Don’t Use Stop Orders
How to Value Earnings
Low Yields, Big Gains
Set Limits, Gain More
Ex-Dividend Dates -
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Historical Data
1290-1950: Price Index
1670-2012: Inflation Rate
1790-1947: Wholesale Price Cycle
1795-1973: Real Estate Cycle
1800-1965: U.S. Yields
1834-1928: U.S. Stock Index
1835-2019: Booms and Busts
1846-1895: Gold/Silver Value
1853-2019: Recession/Depression Index
1860-1907: Most Active Stock Average
1870-2033: Real Estate Cycles
1871-2020: Market Dividend Yield
1875-1940: St. Louis Rents
1876-1934: Credit-New Dwellings
1896-1925: Inflation-Stocks
1897-2019: Sentiment Index
1900-1903: Dow Theory
1900-1923: Cigars and Cigarettes
1900-2019: Silver/Dow Ratio
1901-2019: YoY DJIA
1903-1907: Dow Theory
1906-1932: Barron's Averages
1907-1910: Dow Theory
1910-1913: Dow Theory
1910-1936: U.S. Real Estate
1910-2016: Union Pacific Corp.
1914-2012: Fed/GDP Ratio
1919-1934: Barron's Industrial Production
1920-1940: Homestake Mining
1921-1939: US Realty
1922-1930: Discount Rate
1924-2001: Gold/Silver Stocks
1927-1937: Borden Co.
1927-1937: National Dairy Products
1927-1937: Union Carbide
1928-1943: Discount Rate
1929-1937: Monsanto Co.
1937-1969: Intelligent Investor
1939-1965: Utility Stocks v. Interest Rates
1941-1967: Texas Pacific Land
1947-1970: Inventory-Sales Ratio
1948-2019: Profits v. DJIA
1949-1970: Dow 600? SRL
1958-1976: Gold Expert
1963-1977: Farmland Values
1971-2018: Nasdaq v. Gold
1971-1974: REIT Crash
1972-1979: REIT Index Crash
1986-2018: Hang Seng Index Cycles
1986-2019: Crude Oil Cycles
1999-2017: Cell Phone Market Share
2008: Transaction History
2010-2021: Bitcoin Cycles -
Interesting Read
Inside a Moneymaking Machine Like No Other
The Fuzzy, Insane Math That's Creating So Many Billion-Dollar Tech Companies
Berkshire Hathaway Shareholder Letters
Forex Investors May Face $1 Billion Loss as Trade Site Vanishes
Why the oil price is falling
How a $600 Million Hedge Fund Disappeared
Hedge Fund Manager Who Remembers 1998 Rout Says Prepare for Pain
Swiss National Bank Starts Negative
Tice: Crash is Coming...Although
More on Edson Gould (PDF)
Schiller's CAPE ratio is wrong
Double-Digit Inflation in the 1970s (PDF)
401k Crisis
Quick Link Archive
Search Results for: Charles Dow
Dow Theory: Myth & Fact
Recent stock market action warrants the review of Dow Theory. On December 8, 2016, the Dow Jones Transportation Average increased above the previous peak set in December 2014. This change in the Transportation Average confirms the new highs established by … Continue reading
Posted in Dow's Value Theory
Dow’s Theory on Values and Information
“Wall Street offers many opportunities to those who know values and possess some capital. But until people learn that some stocks are cheap at $200 per share an others dear at 2 cents per share, and until people learn that … Continue reading
Posted in Dow's Value Theory
Dow’s Theory on Voting and Weighing
In the short run the market is a voting machine, In the long run it is a weighing machine “Whether the market goes up or down a few points in any one month does not alter the fact that if … Continue reading
Posted in Dow's Value Theory
Dow Theory, This Is Not
Dow Theory is only a theory. Therefore, it is necessary to take all indications with a tremendous grain of salt. However, it has been our endeavor to determine the qualitative nature of the work as presented by anyone who writes … Continue reading
Dow’s Theory on the Role of Dividends and Earnings
Dividends are a reward after earnings have been applied to improving prospects “It may be said that only a part of these gains in earnings can be fairly credited to dividend accounts. That is true, because it has been deemed … Continue reading
Posted in Dow's Value Theory
Dow’s Theory on What exactly is an Industrial Stock
Charles H. Dow defines what Industrials stocks are “The stocks of trust companies and banks are simply industrial stocks… (Dow, Charles H.Wall Street Journal. Review and Outlook. October 12, 1900).”
Posted in Dow's Value Theory
Dow’s Theory on Growth
Charles H. Dow says slow and steady wins the race “Confidence has to be earned and has been truthfully pronounced a plant of slow growth (Dow, Charles H. Wall Street Journal. Review and Outlook. October 12, 1900).”
Posted in Dow's Value Theory
Dow Theory
On September 30, 2013, we posted our Dow Theory analysis. In that assessment, we acknowledged that our June 2013 review of Dow Theory was incorrect. Additionally, we pointed out the importance of using Dow Theory as an asset allocation tool … Continue reading
Dow Theory: The 50% Principle
The following from Richard Russell’s Dow Theory Letters is what we believe to be one of the most valuable examples of Charles Dow’s 50% Principle in action. “I am publishing this arithmetic chart of the D-J Industrials (high and low … Continue reading
Posted in 50% principle, Dow Fair Value
Dow Theory on Marvell Technology Buyout Rumors
Today the price of Marvell Technology increased +8.49% after news of KKR & Co. having acquired 5% of the chipmaker. According to Bloomberg News: “KKR & Co. (KKR) has acquired almost 5 percent of computer chipmaker Marvell Technology Group Ltd. … Continue reading
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Posted in Dow Fair Value, Dow Theory, fair profit, KKR, MRVL
Dow Theory: Where Does Investment Growth Come From?
Charles H. Dow once said, “the growth of the business of the country accrues on the old stocks.” We thought we’d compare this idea of Dow’s with the portfolio of Warren Buffett to see how accurate this concept might be. … Continue reading
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Posted in Dow's Value Theory
Dow Theory Q&A
Reader BlueIce comments (found here): “So for the past four years, the NYSE is up but volume down…What is the root cause, if any? Bank Bernankski ?” Our Response: While there is considerable belief that the Federal Reserve has been … Continue reading
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Posted in Dow Theory, manipulation, Q and A, William Peter Hamilton
Dow Theory: Secular and Cyclical Markets
We often mention the concept of secular and cyclical markets in our discussion of Dow Theory. So far, we believe that we’re in a secular bear market owing to the fact that the Dow Jones Industrial Average and Dow Jones … Continue reading
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Posted in cycle analysis, Cyclical Bear Market, Cyclical Bull Market, Dow Theory, Secular Bear Market, Secular Bull Market
Dow Theory on Fair Value
The purpose of this article is to demonstrate how Dow Theory approaches the question of the fair value of a stock. Most investors often hear of an analyst giving a fair value for a stock. Seldom is there ever a … Continue reading
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Posted in Dow's Value Theory