Many Happy Returns

Many Happy ReturnsJanuary 14, 2005 marked an anniversary not celebrated on Wall Street: Five years earlier the Dow Jones Industrial Average, an index of well-known, predominantly blue-chip industrial stocks, hit its all-time high of 11,722.98. For most of the first half of 2005 the Dow Jones hovered around 10,500, or 10.4 percent below that high. The Standard & Poor's 500, another index used to measure the stock market's performance, had fallen 8.9 percent from its March 24, 2000 peak of 1,527.4...