The Tao of Dow


This may be more important to Election 2004 than just about anything else:

Dow Passes 10,000 As Stocks Keep Rallying

Wall Street reached one of the most significant milestones of its recovery from the bear market Tuesday, as the Dow Jones industrials crossed 10,000 for the first time in 18 months.
Stocks moved higher as upbeat investors picked up shares on bets the Federal Reserve (news—web sites) will keep interest rates low for some time.

The index of 30 blue chip stocks moved past the milestone shortly after trading began. It was the first time since May 31, 2002 that the Dow had been above 10,000, and marked a solid comeback from the five-year low of 7,286.27 the Dow fell to on Oct. 9, 2002.