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. 

Dow Jones Industrial Average History

Dow Jones Industrial Average 10 year

“The ‘game changer’ will be the housing market, and whether (or not) it can stablilize”