Unless dividends rise back toward their long-term averages, Mr. Jones thinks investors may need to lower expectations.

琼斯认为，除非股息上升到它们的长期平均水平，否则投资者可能需要降低预期。

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The three major market averages, the Dow Jones industrial average, the Standard & Poor's 500 and the Nasdaq composite index, ended the day up 1.5 percent or more.

美国三大股指，道琼斯工业平均指数、标准普尔 500指数、纳斯达克综合指数收盘涨幅均达到或超过1.5%。

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Mark Hulbert of the Hulbert Financial Digest looked at returns for the Dow Jones Averages dating back to 1896, when the benchmark was created.

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It should be noted that even though I have followed the Dow Jones Averages closely for over 30 years, I have never relied solely on Dow Theory methods to generate stock market buy or sell signals.

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For example, turning the clock back to March 1999 when the Dow Jones Averages closed above 10, 000 for the first time, then crested to 11, 000 a few months later, four of the biggest names of the day joined the Dow 30.

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