Sep
27
The Agony of Irony, from Dr. Kim Zussman
September 27, 2006 |
We are within a one day rally of an all-time high on the DJIA, augmented by the historically bullish Q4. This following a sell off May-July, and finally after more than 6 years past the January 2000 peak.
What does it mean? There are few stocks in the DOW, but the investing public might be interested in headlines and soundbites yelling "Stocks at all-time high". The S&P 500 and NASDAQ are still well below their climaxes, but perhaps they too can be hoisted up by their stodgy predecessor.
Will the regrets of the sellers of the past 6 years and hopes of new blood to the stock market combine to run the next bull?
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