Periodically I'll keep note of the correction of stock market values, and thought I better post the DJIA is trading squarely in the 10,000s—in a way that I don't think will be going back in to the 11k range for any sustainable duration any time soon—before it hits the 9000s.
As it dipped below the 11,000s last July we saw bailout after bailout keeping things afloat. Ironically, the DJIA closed at a multi-year low yesterday after the mother-of-all-bailouts was passed. I don't see what they have left when it hits the 9000s—but I won't be surprised if they surprise me. I need to watch what I say... there is always the H-word.
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