Dow Average Surpasses Record High as ...

Dow Average Surpasses Record High as Market Opens

Posted in the Minneapolis Forum


Minneapolis, MN

#1 Mar 5, 2013
Dow Average Surpasses Record High as Market Opens

Source: New York Times

Despite everything, the stock market is back at a record high.

The Dow Jones industrial average, which measures the performance of 30 blue-chip companies, rose more than 80 points at the start of trading on Tuesday, to 14,207.94. That surpasses its previous record close of 14,164.53, which it achieved nearly five and a half years ago, as well as its record intraday high, set around the same time, of 14,198.10.

Of course, a few things have happened since October 2007. The housing market collapsed, the financial system went into meltdown, the European Union started to fray and politicians dragged the United States through an on-off-on-again fiscal imbroglio.

But stocks managed to shrug it all off. Since a low point in March 2009, the Dow Jones index has more than doubled, stunning even the most seasoned stock market watchers.“What’s amazing about this bull market is that people still don’t think it’s real,” said Richard Bernstein, chief executive of Richard Bernstein Advisors, a money management firm.“We think this could be the biggest bull market of our careers.”

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