Tuesday brought on the 13,000 milestone for the Dow Jones Industrial Average. It has yet to hold on any solid basis and it remains unknown if the DJIA 13,000 mark will truly draw the retail investors back into the market. We have been surprised about how fast the DJIA 13,000 mark came about, but not so surprised about the level itself. 24/7 Wall St. gave a peak DJIA analysis at the start of the year that gave us a 2012 peak estimate of 13,678 at some point this year.
The question to ask now is whether or not the NASDAQ can hit 3,000 again. The last DJIA 13,000 was in early 2008. The NASDAQ is currently within almost 2% of NASDAQ 3,000. What is more interesting is that the NASDAQ has not seen 3,000 since the year 2,000 and that was on the way down after the popping of the tech bubble and dot-com bubble.
It was back in November 1999 when the NASDAQ went above 3,000 for the first time and it peaked at about 5,132 in March of 2000.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
