DOW 10,000!

December 8, 2003

[BluH2o]

Luv it when the stock market surges like this ... makes me look like a genius when it comes to picking stocks. Look forward, for the first time in a long while, to tallying up my gains ... instead of my losses.

[adam_az]

DJIA is not the economy, but it's a darn good leading indicator of economic confidence in large publicly traded companies, who make up a big chunk of the economy.

Think of the DJIA as the coalminers parakeet.

[The_Victor]

Must be a lot of computers set to sell at 10,000. The DOW did the exact same thing last week.

Compare:

^DJI vs    S&P    Nasdaq    Dow

Index Value:	9,987.05
Trade Time:	9:42AM ET
Change:	21.78 (0.22%)
Prev Close:	9,965.27
Open:	9,966.45
Day's Range:	9,966.38 - 10,003.12
52wk Range:	7,416.64 - 9,970.16

[Sunshine Sister]

Hot diggity!

[Bob]

Please ignore my reply in #13. The Dow closed yesterday at 9965, not 9995. Need coffee!!!

[bvw]

I'm kinda thinking it's become a counter-indicator, at least in significant part. It represents mal-invested money. Not the worst, but not too good either.

[William McKinley]

Time will tell!

[theDentist]

Lift Off! We have Lift Off at 9:38 am!

[TheBigB]

The consensus at DirtyUnderpants.com was that the Dow would be back at 6000 before it ever hit 10000.

I wonder if they ever get tired of being wrong? :)

[NYC Republican]

[NYC Republican]

[The_Victor]

The DOW did the exact same thing last week.

Ooops sorry, it wasn't the DOW it was the NASDAQ flirting with 2000 last week.

[cynicom]

In 1929, when the market went into the tank, where did the economy go??? In the tank, for years.

[OldFriend]

If I remember correctly, you are correct........pardon the pun!!! One day last week the DOW did visit 10,000 albeit briefly.

[AntiGuv]

FWIW, Dow 10,000 has long been my target peak to this 2003 rally, so it should also be interesting to find out if my benighted market forecast finally gets back on track sometime soon..

[amexmike]

Nasdaq hit 2000 in intraday trading last week and couldn't hold it. Not the Dow.

[Ex-Dem]

You said it. This is the one time where it won't be Bush's fault, according to the Dems.

[William McKinley]

:-)

We'll see. But it looks like it is very likely I will win our bet.

[OldFriend]

Dirty Underpants......Oh, perfect. No facts or truth have any bearing on the rantings of the left. They seem incapable of shame and will repeat or create any lie with no comment from their cohorts in the media.

[Koblenz]

I'm pretty sure the DOW exceeded 10,000 intraday very recently. I could be wrong though!

Some news services compute the intraday high by taking the highest intraday price for each stock, and computing the index. So if IBM reached its peak at 10 am, and GE at 3 pm, you'd use those prices. Other news services simply compute the actual Dow value every trade and come up with the real intraday price.

The DJIA is an index of 30 stocks, and is a price-weighted index. To compute the value of the index, you simply add all the prices of the stocks together, and then divide by the factor, which is well less than 1. So if GE, which is around 30, goes up $1, that's just as good as a stock going from $100 to $101, even though GE is a bigger percentage increase, and GE is one of the larger stocks in terms of market capitalization.