Early in the year, the Dow Jones Industrial Average closed in on 30,000 points. Due to the Coronavirus outbreak, it didn’t manage to break through this level, but it is only a matter of time until it does. As has become custom whenever the Dow approaches a round number, people dug up their old stories about the book Dow 36,000. Back in 1999, the authors claimed that the Dow was not overvalued and would quadruple in the coming years. Of course, the book became a public embarrassment once the bubble burst three months later.
Dow 100,000
Dow 100,000
Dow 100,000
Early in the year, the Dow Jones Industrial Average closed in on 30,000 points. Due to the Coronavirus outbreak, it didn’t manage to break through this level, but it is only a matter of time until it does. As has become custom whenever the Dow approaches a round number, people dug up their old stories about the book Dow 36,000. Back in 1999, the authors claimed that the Dow was not overvalued and would quadruple in the coming years. Of course, the book became a public embarrassment once the bubble burst three months later.