Can you believe this headline? “Jim Cramer Causes Market to Break 20,000”
This was a headline that I had printed up on a fake newspaper about ten years ago. I had two of these newspapers printed up, one I send to Jim Cramer and one I kept for myself.
Jim Cramer actually held this newspaper on his show displaying the big headline, back on Tuesday, November 21, 2006, shortly before Thanksgiving.
Back then of course, the 20,000 level on the Dow Jones Industrial Average was a fantasy. Who would have thought back then that 20,000 would be reached, especially after the market crash?
This newspaper was printed as the Los Angeles Herald Examiner, a newspaper that no longer exists. It also features a picture of the floor of the New York Stock Exchange, with a fictitious article underneath.
In the article, a few stocks were mentioned with outrageous prices, but one that was very prescient was the statement “Apple Computer (AAPL) which ended the day at $853”. Remember back then, this was prior to the 7 for 1 stock split in 2014, so dividing that 853 by seven, would give you a current price of about 121, which is where the stock is trading now.
If you want to check out the details of the Dow Jones Industrial Average Index and how to “game it” or run what-if’s, check out the article called Stock Trading Hack: How to Game the Dow Jones Industrial Average.
