This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

So The Dow Hit A Record; Now Where Do We Go?

That same day, Saddam Hussein warned that Iraq would retaliate against other oil-exporting countries unless they curbed their production. Two weeks later, Iraq invaded Kuwait. Oil prices surged.

As the Gulf War ramped up, the Dow entered a brief bear market from July to October 1990, falling 21 percent.

â¿¿RECORD BREAKER: April 17, 1991. The Dow breaks the record held since 1990, closing at 3,004.46.

â¿¿RISE CONTINUES: It keeps rising for almost nine years, gains 290 percent and peaks at 11,722.98 on Jan. 14, 2000.

In October 1990, a new bull run began, one that would last through 2000. Its length was second only to the bull market that spanned the 1950s.

An early milestone of this bull run happened on April 17, 1991: The Dow reached 3,004.46, passing its July 1990 high and posting its first close above 3,000.

The index was up 27 percent from its October 1990 low during the Gulf War.

New technology like email, cell phones and, especially, personal computers, fueled a new era in workplace productivity. The Soviet Union dissolved in 1991, an encouragement to American investors. The Dow took off, and when there were unsettling developments in other parts of the world, like the Asian financial crisis in 1997 and crises in Russia and Brazil the following year, it kept rising anyway. The index cracked the 10,000 milestone in March 1999, and 11,000 barely a month later.

On Jan. 13, 2000, President Bill Clinton visited the New York Stock Exchange and told traders that he liked the way the market was looking. The next day, the Dow hit another record, 11,722.98.

The Dow started to fall the next trading day. The bubble made by technology stocks soon burst. The 9/11 terrorist attacks, uncertainty about the wars that would follow, and accounting scandals at companies like Enron, WorldCom and Tyco left investors shell-shocked.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.20 -16.65 -0.10%
S&P 500 1,858.82 -3.49 -0.19%
NASDAQ 4,076.1320 -10.0930 -0.25%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs