The DJIA’s new mark is its 9th crossing of a thousand threshold. Though it took 139 trading days to go from a 15,000 close to 16,000 – it is not the fastest thousand point rise. Indeed, there were just 65 sessions between 14,000 and 15,000.
Yet, at the same time, new record highs create concern; how much longer, how much higher, can the market sustain this bull market?
Note that the ‘shortest time to cross a thousand threshold’ occurred immediately before the last two market tops, in 2003 and 2007. The diagram indicates that it took just 59 days for prices to climb a thousand points in 2007 – but then prices topped out some 57 days later.
DJIA .34 percent
NASDAQ .57 percent
S&P500 .50 percent
