Will the Dows Party Linger on?

Will the Dow’s Party Linger on?

Excited by the Dow’s Bull Market, John Crudele was inspired to write about the markets’ four year climb. Surpassed at that time only by a fifty-six month sprit after the depression, a historic mark triggers an article in the New York Times on August 15, 1986.

The Dow Jones Industrial Average began climbing during the middle of August in 1982, a great boom, with stocks doubling bringing their values to more than a trillion dollars. Experts gave some credit for the climb to lowering interest rates. Rates have been receding ever since the climb in the market began four years ago.

Some experts are still worried that this rise may be to good to be true, believing that this bubble may burst into a recession period. They speak of the fire from the bull market to extinguish soon, saying that the possibilities of a fall are more likely than a continuing rise blaming on simply not enough cash to fuel the ride up.

Little did these experts know that a continued trend was to follow in the market for nearly a decade after this article. The biggest booms and market rises in history were yet to come, when some experts were anticipating a fall. This goes to show that even though experts can go over models and piles of data, some can never anticipate changes to come. The world of business has to adapt to changes, as new players enter and extinguish old flames. This Change and so must we.

Infoplease.com

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