--- title: Dow 20,000 - Burney Investment Management description: Now that 2016 is in the rear view mirror and we look ahead to 2017, I want to take a short walk down memory lane.  More than thirty years ago when I first came to Burney, my first boss, Ted Rosenberg, or Mr. Magnificent as he liked to be called, drove a car with the ... --- [Skip to content](https://burneyinvest.com/blog/dow-20-000#main-content) [![Burney Investment Management](https://burneyinvest.com/hs-fs/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png?width=300&height=110&name=Burney_Invest_Color_Horizontal_%232b.png "Burney Investment Management")](https://burneyinvest.com/) - About - [Company Overview](https://burneyinvest.com/about) - [Burney Difference](https://burneyinvest.com/the-burney-difference) - Strategies - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [The Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Get In Touch](https://burneyinvest.com/contact) 1.25.2017 # Dow 20,000 [Andy Pratt, CFA](https://burneyinvest.com/blog/author/andy-pratt-cfa) ![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/dots_y4.svg) ##### Popular Posts [How to Read VIX and VIX Term Structure](https://burneyinvest.com/blog/how-to-read-vix-and-vix-term-spread) [What Happened in the Stock Market Yesterday?](https://burneyinvest.com/blog/what-happened-in-the-stock-market-yesterday) [Performance Matters - 7 Steps Toward More Effective Investing](https://burneyinvest.com/blog/performance-matters-7-steps-toward-more-effective-investing) [![Major_Asset_Class_Real_Returns](https://burneyinvest.com/hs-fs/hubfs/Imported_Blog_Media/Major_Asset_Class_Real_Returns.png?width=250&height=158&name=Major_Asset_Class_Real_Returns.png)Now that 2016 is in the rear view mirror and we look ahead to 2017](https://www.burney.com/blog/december-market-commentary/), I want to take a short walk down memory lane.  More than thirty years ago when I first came to Burney, my first boss, Ted Rosenberg, or Mr. Magnificent as he liked to be called, drove a car with the personalized tag “DJ 2000”.  He purchased those tags before the Dow Jones crossed 1,000 (so, pre-1981) and it was still 500 points away from 2,000 in 1986.  Everyone logically concluded Ted was both nuts and hopelessly optimistic.  However, in a relative blink of the eye – less than two years later – the Dow crossed 2,000 forcing Ted to update his tag to the more lasting “Mr. Mag”.  I share this today with the Dow crossing 20,000.  Given how impossible it was to imagine even a Dow 2,000 back then, who could have conceived of 20,000?  Blink again and we’ll cross 40,000. In another 30 years or so, 200,000 and beyond.  It is hard to disregard market movements in the moment, but in the end what the Dow did last year or does the year ahead is fairly meaningless, as the big move is over the long haul where the direction of the market is persistently and decidedly up, up and away. --- *The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Burney Company does not provide legal, tax, or accounting advice, but offers it through third parties. Before making any financial decisions, clients should consult their legal and/or tax advisors.* ## Articles you may enjoy 10.18.17 #### [InvestmentNews names the financial advice industry’s 2017 “Best Practices”](https://burneyinvest.com/blog/investmentnews-names-the-financial-advice-industry-s-2017-best-practices) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/investmentnews-names-the-financial-advice-industry-s-2017-best-practices) 06.16.16 #### [Burney Company Named to 2016 Financial Times 300 Top Registered Investment Advisers](https://burneyinvest.com/blog/2016-ft-top-300) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/2016-ft-top-300) 06.18.15 #### [Burney Company Named to 2015 Financial Times 300 Top Registered Investment Advisers](https://burneyinvest.com/blog/2015-ft-top-300-ria) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/2015-ft-top-300-ria) ![](https://burneyinvest.com/hubfs/theme/burney-invest-logo-white-1-1.png) - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [About](https://burneyinvest.com/about) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Contact](https://burneyinvest.com/contact) **Headquarters** 1800 Alexander Bell Dr. STE 510 Reston, VA 20191 Advisory services are offered through the Burney Company, an investment advisor registered with the U.S. Securities & Exchange Commission. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. © 2026 Burney Wealth Management | [Research](https://burneyinvest.com/research) | [Privacy Statement](https://burneyinvest.com/privacy-policy) | [Terms & Conditions](https://burneyinvest.com/terms-and-conditions) | [Disclosures](https://burneyinvest.com/disclosures) | [ADV](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20ADV%20Part%202A%20IM%2026%20REV.pdf) | [Form CRS (ADV Part 3)](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20Form%20CRS_March%202026.pdf) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Andy Pratt, CFA", "url" : "https://burneyinvest.com/blog/author/andy-pratt-cfa" }, "dateModified" : "2024-04-03T00:43:30.939Z", "datePublished" : "2017-01-25T13:40:00.000Z", "headline" : "Dow 20,000 - Burney Investment Management", "mainEntityOfPage" : { "@id" : "https://burneyinvest.com/blog/dow-20-000", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://burneyinvest.com/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png" } } } ```