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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
The Dow and Recessions
The following is raw data on the performance of the Dow Jones Industrial Average (DJIA) versus the National Bureau of Economic Research (NBER) call of a recession from the peak to trough from 1900 to 2018. Our aim is the … Continue reading
Posted in Charles H. Dow, DJIA, NBER, recessions, Richard Russell, William Peter Hamilton
Dow’s theory on Business Cycles
Charles H. Dow on Business Cycles “These comparisons could be indefinitely increased without changing the essential conclusion, which is that business of all kinds moves in periods of alternating expansion and contraction (Dow, Charles H. Wall Street Journal. Review and … Continue reading
Posted in Dow's Value Theory
Dow Theory: December 2018
Our May 10, 2018 posting says all that we need to say. At the time, we said the following:
Posted in Dow Theory
Dow’s theory on Past Performance
Change is the only constant, therefore present value is not future value “There are a good many former towns in western Kansas which have become even less than villages. Many dividend-paying investment stocks have, in the course of time, been … Continue reading
Posted in Dow's Value Theory
Dow’s theory on Investment Values
According to Charles H. Dow, a values-based approach to financial data determine future worth “Values will tell in the long run. The value of railway stocks can be ascertained to a reasonable extent. If a railway stock is selling below … Continue reading
Posted in Dow's Value Theory
Dow Theory Letters Book List
Richard Russell was a legendary Dow Theorist and stock market commentator. Russell wrote the Dow Theory Letters for over 55 years from 1958 to 2015. Using Dow theory, Russell accurately called the top of the market in 1966, the bottom … Continue reading
Posted in book, book list, Richard Russell
Dow’s theory on the Shareholder
Charles H. Dow’s view on the role of shareholders “…some managers look upon the properties which they manage as their own and upon the information which comes to them as personal perquisites, and disregard altogether the fact that they may … Continue reading
Posted in Dow's Value Theory
Dow’s theory on Earnings Expectations
Charles H. Dow’s thoughts on the impact of earnings expectations “A general belief that a stock is going to earn a given rate is sometimes as effective speculatively as the actual demonstration of such earnings (Dow, Charles H. Wall Street … Continue reading
Posted in Dow's Value Theory
Dow’s theory on Dividend Payout Ratio
Charles H. Dow discusses reasonable dividend payout ratio: “Common stocks can hardly be expected to sell up to the same level of return of the greater insecurity of dividends. Union Pacific may earn 5% or more on the common stock, … Continue reading
Posted in Dow's Value Theory
Dow’s theory on Fair Disclosure
In this piece, Dow is a leading advocate for frequent and full disclosure for greater clarity to all investors. This was a concept that was relatively unheard of at the time. “It is in a high degree important for all … Continue reading
Posted in Dow's Value Theory
Dow 50k by 2023? How about 177k by 2032?
In a USA Today article titled “Dow hitting 50,000 by 2023? Market milestone is within reach, investor claims”, money manager Charles Lemonides says, “…investors ‘should build their portfolios recognizing Dow 50,000 is a real possibility’ by 2022 or 2023.” This … Continue reading
Dow’s theory on Wide Moats
Charles H. Dow says companies with wide moats are difficult to duplicate “It will always be easier to duplicate an industrial plant than a railway plant, and on this account industrial profits cannot be quite as stable as railroad profits … Continue reading
Posted in Dow's Value Theory
The Definitive Dow Theory on Gold
Dow Theory attempts to define and identify major moves in markets referenced here as the “primary trend.” In this piece, we will outline the price of gold according to Dow Theory. We’re going to review and analyze the primary trend … Continue reading
Posted in 50% principle, Dow Theory, gold
Using Dow Theory with Helmerich & Payne
The core of Dow Theory is the emphasis of value investing, anticipating investor behavior and knowing when to accept fair profits. This posting outlines the basic premise of these core concepts. On September 14, 2015, we posted a Quick Take … Continue reading
Posted in Dow's Value Theory, Helmerich & Payne
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