A comparison of the market environment between the first time the Dow Jones crossed 10,000, March 1999, and its recent recrossing of the magic mark two weeks ago.
March 1999 Oct. 2009
Sentiment readings….55.6 / 31.6 …..48.9 / 24.4
Tokyo Nikkei…………16327…………9832
London FTSE…………6330………….5161
Frankfurt DAX…………4914…………5711
Toronto Comp…………6624…………11437
Dow Jones P/E………….25.1…………..16.0
Steel production………1972…………….1415
Gold…………………..$280…………$1050
Oil……………………$16.65………..$72.27
Notes:
I used week end figures from my own database for the period when 10,000 was reached.
Sentiment is the bull/bear reading from Chartcraft / Investors Intelligence, a survey of newsletter writers.
The Toronto Comp. is heavily energy-related.
Steel production is in tons (000s).
Wall Street History will return in two weeks.
Brian Trumbore
