Dow Jones Industrial Average at 10,000
Thursday, February 4, 2010 at 12:14PM 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."