The Dow
Once again, the Dow plowed ahead into record territory, approaching 12,000.
The Nasdac was down a bit.
I don't know that any of you took me up on my offer to cover a $1 even-money bet that the Dow would reach 12,000 by year's end.
I am now prepared to extend that to 13,000.
Any takers?
Ben
The Nasdac was down a bit.
I don't know that any of you took me up on my offer to cover a $1 even-money bet that the Dow would reach 12,000 by year's end.
I am now prepared to extend that to 13,000.
Any takers?
Ben
posted by Ben Wattenberg at 3:38 PM
2 Comments:
you said 12,000 by close of business... the Dow has yet to actually close at 12,000. It hit 12,000 during intraday trading but hasn't closed at 12,000 yet. What did you mean by your bet? I don't think it should count unless the Dow CLOSED at 12,000.
It's kind of silly to use the Dow as an indicator of the health of the broader economy. Did you see the report from the Center on Budget and Policy Priorities -- they noted that if the Dow is adjusted for inflation, it’s still down 17 percent from its all-time high. 12,000 or 13,000 -- it doesn't really mean anything. They are just numbers. Long boom? I guess, but I wouldn't look at the Dow as primary evidence of that.
Post a Comment
<< Home