Though it didn't last long enough to register on any charts, apparently the Dow Jones Index momentarily crossed the 10,000 mark today, according to Bloomberg News, which was well-prepared to celebrate the moment our economic woes ended.
Their piece doesn't mention exactly when this financial miracle occurred — you'll just have to think back to that point earlier today when you suddenly felt your mind clear of all worries — but traders apparently donned their special Dow 10,000 hats to mark the occasion.
"Ten years ago, the first time I was handed a Dow 10,000 hat, I never suspected it would be a fashion staple," said Diane Garnick, who helps manage $413.9 billion as an investment strategist at Invesco Ltd.
Sadly the Dow 10K hats (we hope they're tucker caps) are already locked away again, as the Dow is currently around 9,990. And with the world suddenly feeling dark, cold and gloomy again, we can all understand the truth of this statement:
"A lot of people make fun of these milestones, but I think that it has an effect on psychology," said David Darst, the New-York based chief investment strategist at Morgan Stanley Smith Barney, which has $1.4 trillion in client assets.