Its a meaningless number, without any impact technically or quantitatively. Its no surprise that the Dow did not hold over 10k for very long. Its been over 26 times, starting in 1999. And hear it is, 10 years later — zero progress.
Why anyone — other than tv producers and silly hat manufacturers — cares about D10k is quite simply beyond my comprehension . . .
HELLO AGAIN !
The chart above fails to capture the 26 times the market has traded thru 10k . . .
Originally published at The Big Picture and reproduced here with the author’s permission.
One Response to “Dow 10,000, We Hardly Knew Ya!”
looks like 10,000 has become the “new mean” for the DJ!