Weinberg ran through a gamut of temperatures and chemical ratios and came back with results in six weeks, one-tenth the time it took Dow to reach the same results.
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To cite one extreme case, it took the Dow Jones Industrial Average 25 years to regain the heights achieved just before the 1929 stock market crash.
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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.
Since Greenspan took office, the Dow has risen from 2, 663 to 8, 485, where it closed yesterday.
Chart Analysis: On February 8, I took a look at the Dow Jones Airlines Index ( DJUSAR) and recommended buying JetBlue Airways ( JBLU).
It sounds laughable today but it finally broke through to the one hundred level, prices continued to rise for a couple of months and then a major drop kicked in, it took ten years for the Dow to get back to the hundred level.
Moroney from Dow Theory Forecasts recently took Microsoft out of his top 20 "focus list" stocks.
When a Democrat took the White House, the Dow fell an average of 0.93%, and was positive just 31% of the time.
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The 5% sell-off over three days last week in the Dow Jones Industrial Average took the DJIA below the closing low for last December of 10285.97.
Wall Street took another big hit, and the Dow dropped more than 500 points.
In 2011, I took a look at the yearly chart of the Dow Industrials which revealed nine consecutive higher closed from 1991 to 2000.
Confidence took another beating in the May 2010 "flash crash, " when the Dow briefly plunged nearly 1, 000 points.
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Cyclical bull markets returned the Dow to 1000 numerous times, but each time a cyclical bear market took back the gains.
And it took another ten years--ten long, skittish, sideways years--before the Dow was able to consistently close above 1, 000.
In New York, the Dow Jones Industrial Average fell 1.3% during and after the press conference, which took place after the close of trading in Europe, but recovered later.
Kathleen Bader, a Dow vice president who runs four plastics divisions, says she was "absolutely skeptical" when she first took Gruber's call.
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