22 Sep 2017
Market Metrics: Dow Jones Industrial Average
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
This may come as a surprise but we are presently living in the second longest US bull market since World War II.
The Dow Jones Industrial Average 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 20th September 2017 the Dow Jones Industrial Average closed at an all-time high 22,412 points.
By comparison the Australian All Ordinaries closed at 3,111 on the 6th March 2009 which was a 54.6% drop from its 6,853 all-time high close on the 1st November 2007.
We did achieve a mini peak at 5,976 on the 1st May 2017 but we are still nowhere near passing the 6,800 mark after almost 10 years.
The question now is how much longer can the US bull market run before it busts?
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.