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Dow Hits 10,000

Wednesday, 14 October 2009

1914 Hits

The Dow Jones Industrial Average reached 10,000 today for the first time since October 7, 2008. The Milestone was led by strong earnings reports from Intel and JP Morgan. Oil also reached a one year high today at $75/barrel. And the VIX (Volatility Index Indicator) hit a 52 week low, meaning that investors are more positive.

The first time the Dow hit 10,000 was March 29, 1999. Here are some interesting facts of then vs. now:
Gas was $1.20/ gallon
Gold was $280/ounce vs. $1,060/ounce today
The Dollar index, as compared to other currencies, was 100.36 and today it is 75.60 - 25% weaker!
US debt was $24.6 billion and today it is $50.8 billion and growing.

About the author

Carol Somoano, MBA, CFP®

Carol Somoano, MBA, CFP^®Financial Advisor

Carol Somoano, Vice President of Asset Planning Inc., is a Certified Financial Planner, CFP^®, and is responsible for portfolio and financial plan analysis. Before Carol joined API, Inc in 2005 she worked as a management accountant for 15 years before deciding to concentrate on financial planning. Carol obtained her B.S. in accounting from Cal Poly Pomona and her MBA from Cal State Fullerton. She completed the UCI Financial Planning program and passed the CFP exam in March of 2004. She is also a Notary Public and Realtor^®.

She is an active member of the Orange County Financial Planning Association and has participated in the OC Register Annual Financial Planning Hotline. She is an active volunteer in her community and has received an Honorary and Continuing Service Award from the California State Legislature in 2003 and 2007.

Carol’s core values are client-focused, emphasizing long-term relationships built on confidence and trust. She works diligently to increase her client’s net worth, plan for their future, and ultimately enhance their lives today.

Carol's hourly financial planning rate is $250. Carol's portfolio management fee is a maximum of 1% and is discounted for portfolios over $250,000.

PH: 714-827-5794 | Email Carol

Asset Planning, Inc Blog

Dow Hits 10,000

About the author

Carol Somoano, MBA, CFP®

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