Dow closes at 13,090

Posted By on April 25, 2007

The financial world is beginning to make me nervous once again after an “exuberant” day, as Greenspan might say. The Dow Jones Industrial average closed at its all time high of 13,089.89 with the Nasdaq jumping in for some positive action too — up 23.85 to 2547.89. It will be interesting to see just how much money comes off the table as it traditionally does in May as traders prepare for summer. I’ve heard two prominent Wall Street gurus making predictions of a DOW of 13,500 to 14,500 by the end of 2007 — pretty optimistic.

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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