As the Dow industrials continued to notch record highs this week, including the benchmark's first-ever close atop 12,000, earnings season moved into full swing. But some on Wall Street were less focused on what the likes of Google and Apple earned than on what Richard Grasso, arguably, did not.
On the week, the Dow Jones Industrial Average for all its accomplishments, edged upward by just 0.4%, while the Nasdaq Composite Index dipped 0.6% and the S&P 500 tacked on 0.2%.
It seems fitting, according to Mark Hulbert, that the Dow Jones Industrial Average would close above 12,000 and at a new all-time high on the 19th anniversary of the 1987 crash, the worst in U.S. stock-market history. It turns out, Mark says, that we can learn important lessons about investing by reviewing how investment newsletters have performed since Oct. 19, 1987.
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