“Dow 5000? There’s a Case for It”

Tampabay

We’re coming up on the sixth anniversary of this bull market, and it’s interesting to see how wrong people have been. Consider this headline from the day the bear market ended:

“Dow 5000? There’s a Case for It” – WSJ, March 9, 2009

There may have been a case for Dow 5,000, but it was fantastically wrong. The Dow closed that day at 6,547.05. A year later, the Dow had climbed more than 4,000 points to reach 10,564.38. Was that enough to silence the doubters? Not at all. CWS, Eddy E

Ted

@MFO Members:
Regards,
Ted
15 Years Later, Countdown To Nasdaq 5000 Continues:
http://americasmarkets.usatoday.com/2015/02/27/15-years-later-countdown-to-nasdaq-5000-continues/

Nasdaq 5000: A Short 2-Day Visit In The Year 2000:
http://americasmarkets.usatoday.com/2015/02/27/nasdaq-5000-a-short-2-day-visit-15-years-ago/

Nasdaq 5000 "Fun Facts" Tick By Tick:
http://americasmarkets.usatoday.com/2015/02/27/nasdaq-5000-fun-facts-tick-by-tick/

scott

Tampabay said:

We’re coming up on the sixth anniversary of this bull market, and it’s interesting to see how wrong people have been.

It's also interesting to see that six years and however many QEs and years of ZIRP later, we just revised GDP down to 2.2%.