FYI: With the DJIA getting ever so closer to 20,000 after only first crossing 19,000 to the upside 21 days ago, we wanted to provide a look at prior 1,000 point thresholds in the DJIA and how many time the index has crossed above (and below) each one of them. The table below lists each 1,000 point threshold for the DJIA from 1,000 to 20,000. For each level we have included the date the DJIA first crossed each 1,000-point threshold to the upside, the number of days that elapsed between the first cross of that 1,000-point threshold and the prior one, what percentage 1,000 points represents of each threshold, and then finally how many upside, downside, and total crosses each threshold has seen.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/dow-jones-thousand-point-thresholds/
Comments
Posted on December 12, 2016 by Bob Fleming
Acropolis Investment Management Insights
...part of the reason that it’s doing so well this year (16.4 percent, vs. 12.9 percent for the S&P 500) is that it is heavy in industrial and financial stocks, and underweight in technology stocks – a near perfect combination for the Trump bump.
I’m not making a prediction, but if the DJIA grows by 7.7 percent over the next ten years (which is how much it grew over the last 10 years), we’ll be looking at Dow 43,000.
http://acrinv.com/dow-20000/