Dow Jones Industrial Average at 10,000

So the Dow Jones Industrial Average is rubbing noses with an important psychological support level 10,000.  There are a lot of "experts" calling for the stock markets to nose-dive either now or later this year.  Will this happen?  Who knows?

(Chart complements of yahoo.com).

If the DJIA does break below 10,000 in a significant fashion then fasten your seat belts because the markets could get pretty ugly.  There is a lot of bad news hiding around the corner - commercial real estate, deteriorating economy, rising country debt levels.  The best thing may be to hide one's money under the mattress, at least until they foreclose on the house.

UPDATE:

WOW!  The DJIA closed at 10,002.18.  Tomorrow will be very interesting.  The markets will either go up, or down.  (The most intelligent thing I have written all year).

"There are only 10 types of people in the world: those who understand binary and those who don't."

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