Stock index of United States of America defies gravity

Since 2008 in the thick of the Global Financial Crisis, the Dow Jones Industrial Average (Dow) had been climbing steadily.

On 2 January 2008, the Dow was 13,043 points. Now it is 21,467 points, a 65% jump in the index. The Dow touched the lowest at 8,143 points in February 2009 before climbing without a let up.

The Dow dipped twice in 10 years before 2008: 11,293 points in August 1998 and 10,264 points in September 2002. You would remember 1998 was the Asian Financial Crisis.

Month/Year Dow Remarks
Aug/1998 11,293 Asian Financial Crisis
Jan/ 2008 13,043 Global Financial Crisis
Jun/2017 21,467 Now
Jan/2018 ???

Come 2018, it would be 10 years since the Global Financial Crisis. Will the Dow continue to defy gravity? Will there be another financial/economic crisis to stop the uptrend of Dow?

Copyright © 2017, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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