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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dow Jones just broke 20,000 for the first time heres why it doesnt really matter
http://www.rawstory.com/2017/01/the-dow-jones-just-broke-20000-for-the-first-time-heres-why-it-doesnt-really-matter/The Dow Jones Industrial Average just broke 20,000 for the first time.
Traders and investors cheered this historic high of the worlds most famous stock market index, which is composed of 30 of the biggest and best-performing American companies and is frequently used as a barometer of the strength of the economy.
Even though it took a little while, after several close calls in recent weeks, its hardly a surprise that the Dow hit this particular milestone. It and other major stock indexes like the Standard & Poors 500 have two key features that ensure that they will continually rise and break new zero-filled records: They ignore inflation and are heavily curated.
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The Dow Jones just broke 20,000 for the first time heres why it doesnt really matter (Original Post)
Jimbo101
Jan 2017
OP
Yavin4
(35,445 posts)1. It would be more impressive if interest rates were not at 0%
Savings accounts haven't really been paying any interest since 2007.
ck4829
(35,079 posts)2. 2003 - Dow Jones was used to predict 'quick Iraq war'
http://money.cnn.com/2003/03/17/markets/markets_newyork/
The Dow Jones predicts world events and the strength of the economy like the bumps on your head predict if you're a serial killer.
So next time you hear "X is good because the Dow is high", "X is bad because the Dow took a dive", or any variation of that, then just give them that link, drop the mic, and walk away.
The Dow Jones predicts world events and the strength of the economy like the bumps on your head predict if you're a serial killer.
So next time you hear "X is good because the Dow is high", "X is bad because the Dow took a dive", or any variation of that, then just give them that link, drop the mic, and walk away.
Tinker Trebucet
(17 posts)3. 20,000 is meaningless
Electronic trading makes the Dow irrelevant. The only folks that should be happy about this are the brokers. Lucky them!
woo hoo....whatever, for everyone else.
kelly1mm
(4,734 posts)4. Dow is up about 9% since Trump was elected. Someone is getting rich. nt
elleng
(131,053 posts)5. Right it's not a surprise.
Problem tho: trump will laud himself as the REASON, even tho Dow's been creeping upward for recent years of President Obama. So trump will beat his chest.
Bengus81
(6,932 posts)6. Went from 6626 to a high of 19,974 under Obama.....
When the DOW has gained 13,348 points since 1/20/17 then give us a call Donnie. Otherwise all the hoopla is nonsense.
HassleCat
(6,409 posts)7. Another bubble.
Last bubble cost me $300k. How much will I lose this time?