Since the Dow Jones Industrial Average (DJIA) is an index many pay attention to, we’d like to share some interesting facts. These speak to the amount of volatility we’ve experienced in the stock market over the past several years.
Ø The DJIA crossed from below the 12,000 level to close above it 14 times in 2011. The 12,000 level was first crossed on October 19, 2006 and then the index went below 12,000 on June 20, 2008. It would not reach 12,000 again until February 1, 2011.
Ø The 11,000 level was first reached on May 3, 1999. The index fell below 11,000 on September 26, 2008 and did not to reach 11,000 again until April 12, 2010. We started 2011 above the 11,000 level but crossed it from below that level to close above 11,000 five times during the year.
Please note all numbers are reported on a closing basis.