Dow 5,000 Rang in ’90s Boom. What About S&P 5,000?
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The article discusses the recent climb of the S&P 500 Index above 5,000 and compares it to the Dow Jones Industrial Average crossing the same threshold in the 1990s. It raises the question of whether the current market is a bubble or a durable new bull. The author mentions the previous 'soft landing' economy in 1995 that pushed the Dow Jones Industrial Average above 5,000 and resulted in a 25% annualized return over the rest of the decade. However, it also notes the stock market collapse in 1999. The article concludes that it is difficult to determine the nature of the current market.

#StockMarket #S&p500 #DowJonesIndustrialAverage #Bubble #BullMarket

https://www.bloomberg.com/opinion/articles/2024-02-09/dow-5-000-rang-in-90s-boom-what-about-s-p-5-000