A Possible Triple All-Time High

Yesterday, the Dow Transportation Average (^DJT) closed at 4998.75, just 0.2 points below its all-time high reached last May. In between that time, the index plunged all the way to 4,140 (remember how well EXPD did on last year’s Buy List, before it got weak).
With the Dow Industrials (^DJI) also hitting a new all-time high, and the Dow Utilities (^DJU) just behind, we might be near the first triple all-time high in nine years. The last time all three indexes made new highs was on March 17, 1998. Since 1929, this has happened on only 16 occasions.
For a breif period in 1962, the DJU was slightly greater than the DJT. Today, the Transports are more than 10 times the Utilities.

Posted by on February 2nd, 2007 at 2:40 pm


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