The Dow hit a record, now what? A look at previous all-time highs and what happened afterwards

  • Article by: CHRISTINA REXRODE , Associated Press
  • Updated: March 17, 2013 - 5:10 PM

NEW YORK - So the Dow Jones industrial average broke a record this month. Now what?

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supervon2Mar. 17, 13 4:19 PM

I wish people would realize that when the Dow drops in the recessions that they cut off the botton three and add industries that are unfazed or not having problems. That was what they did last time by cutting Alcola Aluminum and Citibank. If those two were still in the original computation they Dow would be closer to 11,000. I know the Dow wants to make itself look good but they forget that politicians make hay of the abnormally high figures and use that to persue their increased tax agendas. Don't belive all you read-know what you read.

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eman2001Mar. 17, 13 6:26 PM

Also, realize that the Dow didn't beat its past high when inflation is taken into account. It still has quite a bit to go.

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erikj3Mar. 17, 13 7:22 PM

The only reason the Dow hit a "record" is because the Fed is proping up the market. And it doesn't mean that the overall economy is doing fine; there are a lot of people suffering out there. Not the banksters, though. They're doing just fine.

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varthlokkurMar. 17, 13 7:32 PM

The Dow hit a record high? Thanks Obama.

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avejoeconMar. 17, 13 7:54 PM

The Dow hit a record high? Thanks Obama.------------For what. You realize that the Dow is a VERY, VERY weak indicator of economic success. Stronger indicators would be, GDP growth, unemployment, value of the dollar, Confidence of the economy, etc, etc, etc. All of which are doing very poorly and are indicators of a very weak recovery!

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klondikekidMar. 17, 13 8:38 PM

hardcider - in June of 2009, Dow replaced Citibank and GM. The link provided does not have Citi in it. I woudld not care but you decided to make a politcal (hack) statement and thus, you needed to be set straight. By the by, HP is up about 55% YTD, which is interesting since no other of the 30 stocks has gained more than 16% thus far. Lastly, use the S&P 500 to better mirror the market place. Lastly, the fed's incredibly loose policies certainly have a lot to do with this.

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jvkfaiMar. 17, 1311:11 PM

"Now what" you ask... the cost of living finds a new all time high once again sending the economy goes into shock yet again. The markets have quadrupled since Windows 95 first hit the shelves. Since it take decades to see across the board wage increases to adjust to the skyrocketing cost of living non union workers still recieve 1980 wages but the price of gasoline has quadrupled since '95 when it was $1.09 a gallon and it is $4.00 a gallon here in Fairbanks, Alaska. Between all that and the new regulations the doubled the cost of doing business have crippled our econmy. That together with all congressional corruption to pass all these good ol boy bill's!

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jvkfaiMar. 17, 1311:20 PM

I think that whoever I vote for next election they won't be pumping trillions into Wall Street like our current government is doing!

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ciamanMar. 18, 13 2:33 PM

Jvkfai has it right. Every month the Federal Reserve is shoveling out $85 billion dollars each and every month. That is insane and will, in the end, break our economy with high inflation and so much debt that the U.S.A. will have to give up on paying back all of that current $17 TRILLON dollars. And for now, that 17 trillion will keep on growing forever. It has been done before and I expect Europe to do the same in the end. Our kids will never earn what the baby boomers earned. And the coming retirement of 75 million boomers will break any camel's back.

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