Today marks the 121st anniversary of the Dow Jones Industrial Average. Barry Ritholtz at the Big Picture correctly points out the many issues with index itself. That being said one of the great things about the Dow is you can use it to look back at the many events through history that has affected the stock market.

The histogram below, from Andrew Dickson at Albert Bridge Capital goes all the way back to 1896.* It shows the performance of the Dow on an annual, decade and two-decade basis. One thing worth noting is how bad the performance of the Dow was from 2000-2009 and how well it has performed from 2010-2017.

Source: Albert Bridge Capital

Despite its shortfalls the Dow isn’t going anywhere. (In part because there is $15 billion in AUM in an ETF tracking it.) To paraphrase Humphrey Bogart, “We’ll always have the Dow.”

*This post was updated on May 29th with a graphic going back to 1896.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.