Dow 3600.00?

Well it's certainly been a fun day on Wall Street today. All sorts of records are being broken... but none of the good ones. Yet there is a sort of Hubris going on.

Take the book Dow 36,000, released in 1999 during the tech boom. That book examined the economy at the time and pretty much came to the conclusion that the good times will never end and a Dow Jones Industrial Average (DJIA) of 36,000 was entirely possible within a few years.

Well, the DJIA never did reach that mark... and today it fell 678.91 points (-7.3%)  to 8579.19.

Dow 36,000? More like Dow 3600.00!