Wednesday, September 23, 2009

Dow 10,000?

Well, here we go again. The Dow is a meaningless index of 30 stocks and it is a price-weighted index which reduces its value, but it won't matter because all we'll hear about for the rest of the week is DOW 10,000 if we get there.

The Fed basically held pat and that rallied the market to within spitting distance of 10,000. Will it hold or will they sell the news?

Stay tuned.

2 comments:

Anonymous said...

Isn't the true barometer of a vibrant economy the S&P 500??

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