Dow Breakpoint

The DOW closed this week above another breakpoint: 9,800.  Just for sake of history, the first time the DJIA (a.k.a. "The DOW") closed above 9,800 was March 1999 (in fact, it started shy of 9,700 and it closed at 10,006.78 that month) and I believe it closed below 9,800 most recently on October 6, 2008, so depending on your definition of "recovery," the recovery of the aforementioned Lehman Brothers bankruptcy only took one year (the financial definition of "recovery" is technically when we set a new high, but I think that's a misnomer because it assumes that the market is never over-inflated, and everybody knows that is possible).