Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Dow Crosses 10,000 -- Again and Again and Again

Posted by: Ben Steverman on July 8, 2010

The Dow Jones industrial average passed the 10,000 mark on July 7, to close at 10,095.02. In Ed Yardeni’s morning email today he says this numerical milestone reminds him of the movie “Groundhog Day,” in which Bill Murray’s character is forced to repeat the same day over and over again. He writes:

I’ve lost count of how many times the Dow has climbed above 10,000 since it first did so on March 29, 1999. In other words, during the Dow’s “lost decade” through yesterday, stock investors in general haven’t earned a nickel from capital gains. All of their return came from the dividends paid by the 30 Blue Chips in the Dow.

Just how often has the Dow passed 10,000? Here, according to my look at Bloomberg data, is the full list: 03/29/99; 04/05/99; 04/07/99; 02/28/00; 03/09/00; 03/15/00; 10/19/00; 03/15/01; 04/10/01; 09/05/01; 12/5/01; 12/19/01; 12/21/01; 02/14/02; 02/25/02; 05/01/02; 05/08/02; 05/13/02; 12/11/03; 05/11/04; 05/25/04; 07/27/04; 08/18/04; 09/28/04; 10/27/04; 10/14/09; 10/19/09; 10/22/09; 11/05/09; 02/09/10; 05/27/10; 06/10/10; 07/07/10.

Phew, that is 33 times in the past 12 years! This also reminds me of the Greek myth of Sisyphus, a king punished by the gods to repeatedly roll a boulder up a hill — and then watch it roll back down again — for eternity. (Wile E. Coyote has a similar history of preordained futility in his pursuit of Road Runner.) Equity investors have pushed stocks up again and again for the past decade, and then, a few days later or a few years later, are inevitably forced to watch it roll down again.

Maybe, though, the 33rd time is the charm?

Reader Comments

dan studer

July 9, 2010 9:06 AM

probably because American manufacturers would rather produce elsewhere. who can blame them? still, we have to be the leader again in production. quality of american workers is unmatched, if given oppurtunities.


July 9, 2010 12:10 PM

I'd be curious to know how many times the DOW hit 1,000, then rolled back.


July 9, 2010 2:10 PM

12 yrs is hardly eternity.....but interesting stats nevertheless.

Post a comment



Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

BW Mall - Sponsored Links

Buy a link now!