Analyst Says Dow 10,000 Does Not Matter

Doug Hirschhorn, the chief executive officer of Edge Consulting, a firm specializing in “Peak Performance Coaching,” advices to think better and invest better when it comes to people's expectations about Dow reaching 10,000 mark. Hirschhorn, who holds a Ph.D. in Psychology with a specialization in sport psychology brings four reasons why the current expectations of investors may differ from the past ones.

He says people are desperate and seeing many zeros may help. But at the end of the day, it' just another number. He also says that in the new financial world, where the rules are different old rules may not apply in the same way they have in the past.

Hirschhorn also says that what made us comfortable when trading stocks in the past may not anymore today. Finally he says The Dow "is really just a worn down name brad." While the entire Wall Street elite is looking at S@P and global commodities for direction, looking at Dow may be a very old way of doing business when it comes to the economy and stock trading.

You can watch his video interview with CNBC here.

Written by Armen Hareyan
HULIQ publisher