Friday, October 10, 2008

Right now the DJIA is at 8,303.44

As of this post the Dow Jones Industrial Average is 8,303.44. This is roughly half of its all-time high.

At this point it's important to remember my Finance professor from college who once told me "We will likely see the Dow hit 20,000 in our lifetime [this was right around the time it hit 10,000 for the first time], but we might see 6 along the way."

This is a trend, just like that 90's dotcom boom. The thing about trends is that they are pretty consistent right up until they end.

2 comments:

Anonymous said...

Thanks for the vote of confidence.

Anonymous said...

i pooped a little...