Why Dow 14,000 Was One of the Market’s Toughest Milestones
By the end of 1982, the Dow regained the 1,000 level after 15 years in the wilds of a bear market. That was just the start. In the bull market that followed, the Dow’s value increased 15-fold by the year 2000. (That’s right, 1,500 percent!) There was a pause in 1987 for a dramatic one-day plunge and some worried the bull had vanished. But the market accelerated in the ‘90s as it soared through nine 1,000-milestones.
Until the tech bubble...