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The thoughts and theories of a guy who basically should have gone to bed hours ago.

I know, I know - what's the point? But look at it this way - I stayed up late writing it, but you're reading it...

Let's call ourselves even & move on, OK?


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Wednesday, October 18, 2006

Stock Market Trivia


The Dow Jones Industrial Average broke 12,000 today (although it ended the day just shy of that mark, but still at a record high of 11,992.68). In honor of the event, here is some interesting trivia:


Time it took the DJIA to go from 10,000 to 11,000:24 days
Time it took the DJIA to go from 11,000 to 12,000:7.5 years
Increase in the DJIA thus far in October, 2006:312 points
Number of record highs set by the DJIA in the past two weeks:7

What I like about this rally is that it isn't a crazy climb into the stratosphere like we saw in 1999 and 2000. It seems more measured. Yes, the last two weeks have been impressive, but if the market stabilized for a while (or even went down a bit) in the next couple of weeks, I'd view that as good news. The more cautious investors are about bidding up stocks, the more likely they are to stay at those levels, rather than plummet back to earth when everyone realizes what they've done.

Or not.

What the heck do I know - I'm just guessing like everybody else...

posted by Brian at 4:58 PM


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