Why Dow 14,000 Was One of the Market’s Toughest Milestones
Welcome to the new high
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(Chris Hondros/Getty Images)
This week, the Dow Jones Industrial Average might have finally broken through one of its most difficult milestones, climbing past a record high of 14,198 set way back in 2007. What does that mean for investors? It’s usually seen as a bullish sign when the Dow pushes through such a mark with ease, but a bearish one if it fails. History shows if the Dow fails to hold its new high, the market can behave badly for years. Here’s a look at three times when the market had big problems clearing such a hurdle and how it played out.
That ‘70s slog...