Skip to main content

13,000: A Contrarian Viewpoint

  • Author:
  • Updated:

The Dow closed at over 13,000 yesterday and it’s all everyone can do not to send themselves into anaphylactic shock (except for John Thain—he actually did go into anaphylactic shock. You’ve got to read those labels, people, even non-peanut products “may contain trace nuts”). Our DB Senior Dow Correspondent’s response? “I can't wait for the reaction when we go from 19,000 to 20,000, which at that point will be a mere 5% move -- does anyone realize it is NOT A BIG DEAL anymore?? 1,000 point moves SHOULD happen up here! You’re killing me, Smalls!”
In other news, the graphics guy at the Wall Street Journal is just coming down from a serious acid trip: