Getting your player ready...
On Monday, the Dow Jones industrials fell below 10,000.
It’s a level with which investors have become familiar. The blue-chip average first got there on March 29, 1999, notes David Rosenberg, chief economist and strategist for Gluskin Sheff. That was 11 years ago, and on the way up.
Monday marked the 50th time the Dow has crossed the threshold, and that was on the way down.
“Talk about volatility,” Rosenberg wrote in a recent report. “Talk about the talking head on bubblevision getting it wrong for over a decade.”
