Bill Clinton was President, the world awaited the potentially disastrous consequences of the Y2K computer bug, and – oh, yeah – the Dow closed above 11,000 for the first time in history.
![Yogi Berra Yogi Berra](/wp-content/uploads/berra-221x300.jpg)
The date was May 3rd, 1999, and to quote Yogi Berra, nearly eleven years later,
This is like deja vu all over again”
![Yogi Berra Yogi Berra](/wp-content/uploads/berra-221x300.jpg)
The Wall Street spin-makers are pointing out what a “big accomplishment it is for a measure that was below 7,000 only a year ago” to recapture the 11,000 level.
Before we pop the cork on a bottle of champagne, here’s a few sobering questions to ask yourself…
[Read more…] “Dow 11,000: Déjà vu all over again?”