Dow over 13,000

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The Dow is hovering over 13,000 again this afternoon, after slipping into 13,000 territory just for a minute (just to see how it feels) this morning. If the Dow closes over 13,000, it will be just 188 days since the Dow first closed over 12,000, on October 19 of last year. The Dow would rise 1,000 points every 7 months or so in the boom days of the mid-90s, although this represented a much greater % increase in the expansion of the market. Before the 2,726 day gap between the Dow rising from 11,000 to 12,000, the Dow was rising 1,000 points in just 219 days on average (since it hit 4,000).
Here’s a closer look at when the Dow first closed above each thousand, since it hit 4,000 in 1995:
Feb 23, 1995: Dow closes above 4,000
Nov 21, 1995: Dow closes above 5,000
Oct 14, 1996: Dow closes above 6,000
Feb 13, 1997: Dow closes above 7,000
Jul 16, 1997: Dow closes above 8,000
Apr 6, 1998: Dow closes above 9,000
Mar 29, 1999: Dow closes above 10,000
May 3, 1999: Dow closes above 11,000
Oct 19, 2006: Dow closes above 12,000
Any predictions on when the Dow will close over 14,000?
Dow Reaches 13000 on Profits, Alcoa – [WSJ]
Dow Closes Above the 12,000 Mark – [About.com]

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