Dow Jones Industrial Average crosses the 11,000 mark
Posted By RichC on October 8, 2010
Just before the “flash crash” computerized enhanced market tumble in early May, the DOW had crossed 11,000 … which was the last high water mark until today. The psychological hurdle was crossed most likely due to optimistic news that the November elections could help reel in some of the out of control spending and growth in Washington DC. I’d like to think that some of the sidelined cash (business and personal) will be invested in American business, real estate and retail sales … all three are needed for job creation.
Comments