Run for Dow Jones industrials since March 2009 has been both fast and far
The Associated Press, On Wednesday 2 February 2011, 6:33 SGT
The Dow Jones industrial average closed above 12,000 on Tuesday for the first time since June 19, 2008, before the financial crisis entered its worst phase.
The Dow's 84 percent gain from March 9, 2009, when it hit a 12-year low of 6,547, took just 480 trading days.
The Dow has had four other gains as large that were even faster, but you have to go back to 1933 and earlier to find them:
-- Feb. 17, 1933, through July 18, 1933: Up 117 percent in 109 trading days.
-- July 8, 1932, through Sept. 7, 1932: Up 94 percent in 51 trading days.
-- Nov. 9, 1903, through March 9, 1905: Up 84 percent in 397 trading days.
-- March 25, 1898, through Sept. 5, 1899: Up 85 percent in 431 trading days.
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3 hours ago
This is a good indications that Dow Jones industrial is doing great in boosting their profits.
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