With apologies to the Karate Kid, last week the CNBC the staff dusted off their Dow 10000 caps and donned them in celebratory hurrahs. For the 27th time since 1999, the Dow crossed 10,000. Pretty special moment obviously.
I had an aunt who crossed her thirty-fifth birthday almost as often. Some celebrations are more about rolling eyes and making wishes than reality.
(oops, just crossed again, hats off)
(click on image for clearer image)
John Barnyak
Stonehouse Asset Management