Note to self: Dow Jones will break 10,000+ threshold within 2-4 months
September 1st, 2009
Looking at past, future, and current performance of the global stock market, I estimate the Down Jones will shoot through the 10K+ threshold within 2-4 months (probably closer to 2 then to 4).
The Dow Jones Index will continue it’s climb after that, unless some banks go and do something decidedly stupid, and stock analysts start panicking again.
And it hit the mark a month and 13 days later
I love it when a plan comes together.
“..unless some banks go and do something decidedly stupid, and stock analysts start panicking again.”
.. such as DSB Bank?
@Mike
A couple of things happened at DSB. I think they might just have weathered it if there hadn’t been this huge run on the savings accounts there. (which after all, was the reason the court issued a bankruptcy – something they didn’t want to do a couple of hours earlier).
It could have been problematic to stay afloat with the claims hanging above their heads, but we’ll never know that now.
I’m somewhat unhappy about the whole affair, since I know people who work there, and are now without a job, or soon to be without one. The offices of DSB and related companies are pretty much around the corner from where I live.