4 Dec 2017
Market Metrics: Dow Jones Industrial Average (DJIA)
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The DJIA bottomed out at 6,547 in 2009 after having reached an all-time high close of 14,164 on the 9th October 2007.
- On the 25th January 2017 the DJIA closed over 20,000 points to reach an all-time high 20,068 points.
- On the 1st March 2017 the DJIA closed over 21,000 points to reach an all-time high 21,115 points.
- On the 11th September 2017 the DJIA closed over 22,000 points to reach an all-time high 22,057 points.
- On the 18th October 2017 the DJIA closed over 23,000 point to reach an all-time high 23,157 points.
- On the 30th November 2017 the DJIA closed over 24,000 point to reach an all-time high 24,272 points.
This recent trend of 1,000 point rise per month is getting ridiculous and the question now is how much longer can the US bull market run before it busts?
Interestingly the price to earnings ratio across all globally listed companies is high but not as stretched as the run up to the 2008 Global Financial Crisis or the run up to the 2000 DotCom Bubble (see attached).
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