Thursday, November 20, 2008

The Dow Breaks the Brad Barrier

Yesterday the Dow closed at 7,997.28 a full 2 and a zero point 72 points below the Brad Lower Barrier of 8 and some zeros. Does this mean that it's heading for somewhere between 1,249 and 800 ? I don't like to make predictions, but I would guess no.

Brad DeLong noted "The Dow-Jones Industrial Average has spent 25 of the past 40 years--62%--between 800 and 1250 or between 8000 and 12500."

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