Access our posts on your Bloomberg terminal: NH BLG_TICKER_SENSE 
When the Dow hit a new all time high last week, many argued that it doesn't really count since most other major indices are still well off their highs. As the chart below shows, they're right. In prior periods when the Dow hit a new high after not doing do for at least a year, other indices (for the most part) were also either at or close to new highs (I guess bulls could make the argument that since other indices are still well off their highs, they have a lot of catching up to do). You can draw your own conclusions on this one.
But then again, with the countless changes in the selected "30", that's not the same DJIA over the interval shown. Underperformers have been removed.
Posted by: stan | October 13, 2006 at 03:56 PM
Why does no one talk about the NYSE?
Posted by: JazzytraderBC | October 16, 2006 at 03:45 PM