Now Industrials
It seems hard to believe it was so recent, but the highest level for the Dow Industrials in human history was only on Thursday, when it reached the lofty 41,376 (keep in mind, this sucker was 6,469 during the financial crisis). It reversed over 1,000 points within hours, and at this point, the next success for the bears would be a failure of the psychologically-important 40,000 level.
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Giraffeta37
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3 weeks ago
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Member's comment
Wow, 41,376 on the Dow—that's a crazy milestone. I totally forgot how low it was during the financial crisis (6,469... yikes). The reversal of over 1,000 points in just hours is wild too. Feels like the market's running on fumes and nerves right now. If 40,000 doesn't hold, that could be a huge psychological subway surfers blow. Pretty interesting take from Tim Knight—he always leans bearish, but he's been right about big turns before.
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