Dow's Cloudy Window on Wall St. History

On Nov. 23, 1954, the Dow Jones Industrial Average, after 25 long years, finally surpassed the high it had hit on Sept. 3, 1929. It remains, by far, the longest period between new highs on the Dow in the 115-year history of the index. And the story behind that long recovery tells us a lot about how statistics can distort our view of the past.