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A Friendly Reminder: The Dow Looks Great Right Now

Anders Bylund
January 2, 2014

The Dow Jones Industrial Average (DJINDICES: ^DJI) is off to a rough start in 2014. The blue-chip market index is down 124 points, or 0.75%, just before 2 p.m. EST, and only two of its 30 tickers are trading up.

I'm just here to remind you that the Dow ended 2013 on a tremendous high note. The index itself set another new all-time high on New Year's Eve, with a record-level closing price to boot. Fourteen of the 30 Dow Jones tickers ended the year within 1% of their 52-week highs. No, that's not a typo.

Only two Dow members rang in 2014 more than 10% below their yearly highs. They had their reasons. IBM (NYSE: IBM) closed out 2013 some 13% below 52-week highs set in March, as