Posts Tagged ‘Dow 10000’
The Significance of Dow 10,000
Posted October 15, 2009
on:βIt is a tale told by an idiot, full of sound and fury, signifying nothing.β β Shakespeare
Yesterday, the Dow passed 10,000 again. Predictably, the press kicked up a big storm about it.
Even a relatively unknown like me got a call from a major newspaper asking me to comment whether this was a sign that the market would keep going up. I really struggled to answer. I knew that if I could spin a good story, the reporter would come back to me for more and more comments. Pretty soon, I would look like a stock market guru to my clients and prospects. This would surely be a win-win for me and the newspaper β if only I could bring myself to pretend.