DJIA is a decent proxy for market returns. If you don't think so, just look at the DJIA and the s&p total return index. They track pretty closely overall. Buff

DJIA is a decent proxy for market returns. If you don't think so, just look at the DJIA and the s&p total return index. They track pretty closely overall. Buffett isn't a dummy. If DJIA meant nothing, he wouldn't have quoted it.