Seeking Alpha
Profile| Send Message|
( followers)  
For the first time in over seven years, the DJIA closed above a new thousand point threshold.

As the table below the lower chart details, since the Dow first closed above 1,000 on 11/14/72, the duration between 11,000 and 12,000 was the second longest stretch behind only the time it took to go from 1,000 to 2,000.

This is even more noteworthy when placed in the context of percentage terms as it took the DJIA over seven years to rise 9%- hardly a sign of irrational exuberance. Compare this to the 1990s, when over the same time period the Dow crossed eight different thousand point thresholds.

click charts to enlarge
dow 12,000

dow 12,000

Comment on this article

Source: Dow's Rise to 12,000 Was Second Slowest 1,000 Point Rise In Its History