Dow tops 14,000

Sure, it's only a big, round number, but considering how far the market has come in three years (6547 on March 9, 2009), it's hard not to take note. This almost brings the Dow back to where it was in October 2007 - before all that nasty stuff happened. Still, it wouldn't be surprising to see a pullback in the days to come - that's what often happens when indexes reach psychologically important marks. This morning the guy who cuts my hair told me he was thinking about selling all his stocks (not a great idea). He's just worried about another huge drop - even though there is no indication of a massive sell-off. The day ended with the Dow at 14,009, up 149 points on the day.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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