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On April 24, 2006, as the Dow stood up nearly 6% YTD and the ARS.com index was 15.3% YTD, we had a section in the Auto Retail Informer titled: “A time to be choosy in the market.” Specifically, we said: “The bottom line is that investors should be choosy with their investment decisions and expectations should be tempered. Remember, while we’ve become accustomed to attractive returns in the U.S. equity markets with the Dow up 520% (9.55% annualized) since 1986, there have been extended periods of time when the U.S. equity markets have gone nowhere. To wit, if someone bought a basket of stocks mirroring the Dow at its high in December 1969 (921.87,) they would actually have found themselves d
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