|
|
Article: The Denver Post Al Lewis column.(Dow Jones' stock market)(Column)
- Article from:
- The Denver Post (Denver, CO)
- Article date:
- September 19, 2006
- Author:
CopyrightCOPYRIGHT 2006 The Denver Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Al Lewis
Sep. 19--The Dow Jones industrial average may be stuck.
I mean really stuck -- as in not going anywhere for two decades.
"The stock market high of 2000 will likely not be surpassed on a continuous basis until 2020," Denver money manager Jeff Wilson of Wilson Advisory Group told me.
Sounds crazy, I know. But we've been stuck for six years already.
The last time the Dow set a record was in January 2000 when it hit 11,723. The market is inching close to that high again -- closing Monday at 11,555. But every time the Dow gets near its high, it retreats.
The closest it came this year was May 10, when it ...