Dow: No Growth

Here's an interesting chart of the Dow. There has been a lot of talk about how the market has gone nowhere in the past decade. We have seen this in the past, most recently in the 70's. That decade yielded absolutely nothing if you bought and hold. What is interesting is that after about 16 years of going nowhere, we essentially had an 18 year bull market moving the Dow from 1,000 to over 11,000. After the "small" little tech bubble crash, we proceeded to move to 14,000. We're now back in the seven thousands and looking for a bottom. This long term chart just puts things in perspective.