Dow 10,000 nostalgia
Today’s brief foray above 10,000 for the Dow Jones Industrial Average will receive a lot of media play. We love round numbers, anniversaries and lists.
Just remember that 10,000 means we’re back where we were a year ago — and where we were a decade ago. Here’s the front page from The Wall Street Journal of March 30, 1999.
Don Mecoy
Business Writer
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Downpage hed:
‘If this is a bubble, it sure is hard to pop.’
Famous last words.
Don’t forget: It’s October! 4,200 by year’s end.*
* Commenter reserves the right to revise and extend his remarks.
Srsly: Don’t you expect some major profit taking for the rest of this week? Welcome back volatility?