The Dow’s Record Rise Sends a Former Wall Street Stock Broker Back in TimeBy
This photograph of my graduating class of fellow stockbrokers, taken on Dec. 18, 1981, at the World Trade Center headquarters of Dean Witter Reynolds, shows that “customer’s man” was still a fairly accurate term even when I entered the industry. (I am seated on the floor in the front row, fifth from left.)…
Dow 20,000 is just a number, it’s true. But for me, a 35-year veteran of the financial world, the Dow Jones industrial average’s recent climb to a new five-digit peak sent me back in time.
I returned to January 4, 1982, the day I began my short but illuminating career as a Wall Street stockbroker.
On that day, the Dow Jones, an average of 30 blue-chip stocks that are industry leaders, closed at 882.52. Not 8,000. Eight hundred…
Leave a Reply
You must be logged in to post a comment.