Jas Jain Dow 10,000 Comments from 1998

-------- Original Message --------

Subject:	My Comments On Dow 10,000 More Than Twelve Years Ago
Date:	Wed, 26 May 2010 16:40:00 -0700
From:	Jas Jain

My Comments On Dow 10,000 More Than Twelve Years Ago

Below is my commentary of April 22, 1998. As I recall, Peter Eliades published something similar (anomalies of Dow 100, 1,000, 10,000) later that year. You will notice a very different style back then.

Jas

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Sermons for the Nerds: Bonus Supplement

Wednesday, April 22, 1998

 

Timely History Lessons

Now that the bull parade is talking about Dow 10,000 it is time to pay another visit to the Old Woman History.  The deca-levels 100 and 1000 have shown some real curios behavior: a lot of congestion for may years followed by some serious headache.  Let us look at it, shall we.

1. The Dow first approached 100 level in 1914 and never seem to quite stay at or above it till 1924 when it seemingly crossed 100 for what seemed like for the good.  That translates into a ten years of congestion on the chart at the 100 level.

2. This bit of intoxication caused the bull to become rambunctious in the late 1920s.

3. Dow fell almost 90% to 41 in 1932 and it wasn't until the U.S. entered the war that the Dow finally went and stayed above 100 in 1942. Twenty-eight years of 100 to 100!

4. Dow first approached 1000, 950-970 level, in the late 1965, but couldn't quite hit the millennium mark till early 1973.  But that lasted no more than a good nap for the beast.  It wasn't until 1983 that the Dow crossed 1000 for what now seems like for the good.  We shall see if this [Dow 10,000] would have better luck than its predecessor.  Who knows about the second coming?

Shalom aalekum (peace on earth).

Rabbi Jazzman

Synagogue of Never Take a Break from History Lessons

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