It’s an historic event that takes us back to 1997. Below is a chart showing the history of the DJIA from 1929 to present, courtesy of msn money central. the first thing I look at every morning when I wake up.
When I started working in 1972, the Dow was at about 950. When I switched to real estate in 1990, the Dow was just under 3,000. It’s interesting to read some of the rationalizations of the 2002 low point.