Just want to point out that even though the market is in extreme rally mode and is breaking historical records day after day and so on that even if it were to keep rallying for years and years and years that eventually good things always come to an end and this time wouldn't be any different.....so yes let's say the Dow goes to 33,000 or 44,000 or 57,000 the drop will be significant when the end comes....case and point the Nikkei 225!!!!! I know the comparables are two totally different situations, but just showing the possibility of what could happen.... euphoria doesn't exist forever In the market place, psychology of the market changes overtime...
The average hit its all-time high on 29 December 1989, during the peak of the Japanese asset price bubble, when it reached an intra-day high of 38,957.44, before closing at 38,915.87, having grown sixfold during the decade. Subsequently, it lost nearly all these gains, closing at 7,054.98 on 10 March 2009 — 81.9% below its peak twenty years earlier.
The average hit its all-time high on 29 December 1989, during the peak of the Japanese asset price bubble, when it reached an intra-day high of 38,957.44, before closing at 38,915.87, having grown sixfold during the decade. Subsequently, it lost nearly all these gains, closing at 7,054.98 on 10 March 2009 — 81.9% below its peak twenty years earlier.
