Video: Dow 14,000

Posted by Sun on July 19, 2007
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Last time the Dow reached a milestone as April 25, 2007 when the index closed above 13,000 point for the first time. It took the benchmark 6 months and 5 days to go from 12,000 to 13,000. This time around, it needed only 2 months and 24 days to break through the 14,000 level.

Is it getting easier and easier to add 1,000 points to the index nowadays? Can we see 15,000 before 2007 is over?

[youtube dTpO0GQIyTE]

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9 Comments
July 20, 2007

Shouldn’t it be easiers to add 1000 points over time? As the index grows, 1000 becomes a smaller and smaller percentage gain.

Posted by fivecentnickel.com
July 20, 2007

I’m more concerned it’ll hit 11,000 than 15,000 this year.

Posted by Ted
July 20, 2007

If I remember correctly, people were predicting the dow was going to reach 36,000 in a short amount of time during the dot com bubble. When these types of outlandish predictions occur more frequently and are more generally accepted, people should be more concerned about the short-term performance of the markets.

I believe in long term investing though, and am not very concerned with price movements in time frames of less than 5 years. I recognize that the market will go through booms and busts during my investing lifetime, but I expect that over the long-term by staying the course my investments will grow at an attractive rate of return.

Posted by Matt
July 20, 2007

I have the same reaction as fivecentnickel. I am not sure if the earnings announcement is going to be that great though since many companies are already missing the mark (Altria, Google, and Catepillar). Hopefully others are doing better.

Posted by MoneyNing
July 20, 2007

It is a milestone, but I don’t know if that necessecarily means good things to come.

Posted by Louisville Real Estate

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