Dow Jones New High: What Does It Mean?
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The Dow Jones has reached a new record high what does it mean for investors though? Learn what happened last time the Dow reached a new high, and why this time looks to be different.
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Dow Jones New High: What Does It Mean?
- 1. Mullooly Asset Management Podcast March 6, 2013 Mullooly Asset Management March 2013
- 2. October 9, 2007: Dow Jones 14,164 March 6, 2009: Dow Jones 6,626 (down over 50% in 18 months) Mullooly Asset Management March 2013
- 3. What That Means? If you invested in October 2007 and just held on, you are FINALLY back to even. Mullooly Asset Management March 2013
- 4. Long term Indicators Percentage of Funds in Positive Trends: flipped to O's November 2007 -----> sell signal January 2008 SPX vs Cash: turned negative in November 2007----> sell signal in June 2008 Bullish Percent Mutual funds flipped to O's November 2007----> gave sell signal July 2008 Mullooly Asset Management March 2013
- 5. Mutual Funds and ETF’s Tracking the Dow Jones: $27 billion Tracking the S&P500: $1.5 trillion Mullooly Asset Management March 2013
- 6. For every dollar that tracks the Dow, $50 tracks the S&P500 Highest closing price on S&P500 (same day as Dow): October 9, 2007 @ 1565 Highest intra-day price on S&P500: October 11, 2007 @ 1576 Mullooly Asset Management March 2013
- 7. Chart courtesy of Dorsey Wright & Associates Mullooly Asset Management March 2013
- 8. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management March 2013
- 9. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013
- 10. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013