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When I quoted the political data some time ago in this string my sources (which I am pretty sure I identified) included the Ike and Truman years, and -- for one purpose the DJI and much earlier years.

The REIT studies I referred to were the ones I worked on directly. They of course were limited to 1960 onwards. As I am sure you know, the S&P, Russell, and NYSE composite data were available for those years.

My point, which I apparently made pretty inartfully, was that since WW II the DJI has increasingly been a mug's game for use in tracking the performance of the US economy.

Would you agree?
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