It's Official

Further fanning the flames of 2008's misery, {Wow I can't believe I just said that} the boys at Bespoke have finished their year end calculations regarding the Dow Jones Industrial Average. According to Bespoke, the Dow with it's roughly 34% loss suffered it's 3rd worse year ever. Only 1907 and 1931 were worse. Each of those years also involved de-leveraging and a financial crisis. The good news is that the following year has seen an average increase of 23.2%.

Source: Bespoke Investments. The Bespoke Report. 1.10.09. {subscription required}

*Long ETFs related to the the Dow Jones Industrial Average.