Dow Jones New High: What Does It Mean?

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The Dow Jones has reached a new record high what does it mean for investors though? Learn what happened last time the Dow reached a new high, and why this time looks to be different.

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Dow Jones New High: What Does It Mean?

  1. 1. Mullooly Asset Management Podcast March 6, 2013Mullooly Asset Management March 2013
  2. 2. October 9, 2007: Dow Jones 14,164March 6, 2009: Dow Jones 6,626 (down over 50% in 18 months) Mullooly Asset Management March 2013
  3. 3. What That Means?If you invested in October 2007 and just held on, you are FINALLY back to even. Mullooly Asset Management March 2013
  4. 4. Long term IndicatorsPercentage of Funds in Positive Trends: flipped to Os November 2007 -----> sell signal January 2008SPX vs Cash: turned negative in November 2007----> sell signal in June 2008Bullish Percent Mutual funds flipped to Os November 2007----> gave sell signal July 2008 Mullooly Asset Management March 2013
  5. 5. Mutual Funds and ETF’sTracking the Dow Jones: $27 billionTracking the S&P500: $1.5 trillion Mullooly Asset Management March 2013
  6. 6. For every dollar that tracks the Dow, $50 tracks the S&P500Highest closing price on S&P500 (same day as Dow): October 9, 2007 @ 1565Highest intra-day price on S&P500: October 11, 2007 @ 1576 Mullooly Asset Management March 2013
  7. 7. Chart courtesy of Dorsey Wright & Associates Mullooly Asset Management March 2013
  8. 8. None of the securities mentioned in this (or any)podcast or video represent past specificrecommendations of Mullooly Asset Management.This video is NOT a recommendation to buy or sell anyof the securities mentioned here.If you’re relying on a podcast for investment advice, youare likely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buyor sell any investment. Mullooly Asset Management March 2013
  9. 9. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013
  10. 10. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management March 2013

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