This week, as a service to wealthy lawyers everywhere, I offer "the Dow 10,000 report." Why's that? Yesterday, the Dow opened at 10,047 and closed at 9,988. In other words, it crossed the 10,000 barrier--on the way down.
When did the Dow first cross 10,000? It was back in March, 1999. To put this disturbing fact into layman's terms, it means the Dow hasn't gone anywhere in more than five years.
What about the Nasdaq? In March, 1999, the Nasdaq was around 2,500. Yesterday, it closed at 1,859.
What's a wealthy lawyer to do? Sorry, I just don't know.