Friday, December 12, 2003

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Congratulations to the Dow Jones Industrial Average for hitting 10,000. The last time it was above 10,000 was in May of last year.

The Dow originally crossed the 10,000 mark in early 1999, eventually peaking at 11,722.98 on Jan. 14, 2000. Then, the economy began to falter, and investors began to lose faith in what many considered an overvalued stock market. After a series of corporate scandals and weak economic reports, shares fell further.

The Dow, which fell to a five-year low of 7,286.27 on Oct. 9, 2002, has not been above 10,000 since May 31, 2002.

(Source: Holy cow! Dow at 10 thou)

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