Quote from ralph00:
Except for the fact that Dow 10K is only an emotional level for the idiots on CNBC. 10K or 10% are just numbers.
Yeah, I understand, but whole numbers have more clout. It's like pricing something at $99.95 instead of $100 even. It's only a nickel difference, but nearly everybody uses this kind of pricing practice, so there has to be some psychology to it.
I guess the point I am making is that the market rally continued merrily on its way as the unemployment rate creeped up through the 9 percentile. I am curious if anything will change now that 10% has been exceeded.