~Wed~ Oct 14th 2009
A reporter from SmartMoney contacted me a couple of weeks ago to ask me to participate in a little game they were hosting. “All you have to do is guess when the Dow will hit 10,000,” she said. “This is just for fun.”
“I’ll do it,” I replied, “but I want to make it clear that this is just a guess. Nobody really knows.” I told her the Dow Jones Industrial Average would reach 10,000 again on October 15th at 10:22am Eastern. I was wrong — but not by much. It actually reached 10,000 at 1:21pm Eastern on October 14th.
I know this because I’ve been sitting here for the past ten minutes refreshing my browser page, waiting for it to happen. And it just did:
The Dow has hit 10,000! We’re saved! The recession is over!
Well, not really. But sometimes it seems like that’s how the media reports things. I find it hilarious that of the [...]

RSS Feeds
Facebook
Twitter
