There’s news about the dollar taking a pounding. There’s also a lot of M&A going on — merging and acquisitions. Companies going private, stock being bought and swapped to make deals.
I can’t remember the DOW high before the crash after Bush slithered under the back door of the White House. But the figure 11,722 comes to mind. Then it took a nose dive after 9-11, and now it’s close to 13,000. Going from the peak, 11,722 to 13,000 in six years really isn’t that big a deal.
I think it’s about time for the Dow to shed a few hundred points — again.
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