Video: Dow 14,000

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

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

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.

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.

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