The index Dow Jones cross 10,000 - again and again and again once
06:29
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The Dow Jones industrial average surpassed the 10,000 on 7 July, closing at 10,095.02. Ed Yardeni morning current E-mail that he said this numeric milestone reminds it the film "The Groundhog Day" in which nature of Bill Murray is obliged to repeat the same day over and over again. He wrote: I've lost
number of how many times the Dow Jones index climbed over 10,000 since its first made on March 29, 1999. In other words, to the "lost decade" Dow of yesterday, investors stocks generally did not won a nickel of capital gains. All return from dividends paid by the Dow Jones index 30 Blue chips.
Just how Dow Jones index passed 10,000? Here, according to my view on data from Bloomberg, is the complete list: 03/29/99. 04/05/99. 04/07/99. 28/02/00. 03/09/00. 15/03/00. 19/10/00; 15/03/01. 10/04/01. 09/05/01. 12/5/01. 19/12/01. 21/12/01. 14/02/02. 25/02/02. 05/01/02. 08/05/02. 13/05/02. 12/11/03. 05/11/04. 25/05/04; 27/07/04; 08/18/04. 28/09/04. 27/10/04; 14/10/09. 19/10/09. 22/10/09. 11/05/09. 02/09/10. 27/05/10.06/10/10.07/07/10.
Phew, is 33 times in the past 12 years!I am also reminded of the Greek myth of Sisyphus, King punished by the gods repeatedly shag Rock Hill - Watch and then roll back the new - for eternity.(Wile e. Coyote has a similar story of futility predetermined in the quest for Road Runner) .Investisseurs pushed stocks again and again later for a decade, and then a few days or a few years later, are inevitably obliged to look at mainstream once more.
Perhaps, but the 33rd time is the charm?
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