Dow hits a new record: 29,000 points.

[Thailand J]

 

"Any time the market surpasses a nice round number, it has a positive effect on investor psychology," said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance. "On the other hand, the larger the index gets, the easier it is to surpass 1,000 points as the percentage increase required to pass the milestone keeps decreasing."

 

CNN Jan 10 2020: https://edition.cnn.com/2020/01/10/investing/dow-stock-market-29000/index.html

 

Is US market in a bubble? The broad market valuation seems to be inline with historic average.

 

[GeorgeCross]

Thank you Mr Donald J. Trump 

[Peterw42]

Maybe show the rest of Fridays trading where the dow hit a low of 28795 and ended 130 points down. Not to mention the dow futures is currently down another 150 points.

 

[Puchaiyank]

Kudos to the Democrats for creating a team-like working relationship with the Trump administration to put people back to work and beef up their retirement accounts.

 

Don't be concerned about the impeachment diversion...it is to draw attention away from the inability of the Dems to field a viable Presidential candidate.

 

Rumors floating around DC is that a Biden/Biden ticket is in the works...the 1st ever father/son candidates...their success in the Ukraine made the combo possible.

[TheAppletons]

3 hours ago, Peterw42 said:

Maybe show the rest of Fridays trading where the dow hit a low of 28795 and ended 130 points down. Not to mention the dow futures is currently down another 150 points.

 

 

  Excellent observation.  A data point of one day is the best way to measure trends.  

[JimmyTheMook]

anyone else do about 35% last year?

 

 

[Brian Allen]

36 minutes ago, Puchaiyank said:

.... DC rumors say a Biden/Biden ticket is in the works. It'll be first-ever father/son candidature and was made possible by their success in the Ukraine....

And by their Multi-Billion-Dollar China coup.

[Thailand J]

It took Dow 40 trading days  to go from 28,000 to closing above 29,000.

 

 

https://www.marketwatch.com/story/dow-on-the-verge-of-notching-milestone-level-at-29000-as-mideast-tensions-fade-2020-01-09?mod=home-page

[uli65]

enjoy the last ride before the Wallstret crooks crash down this insane bubble

[metisdead]

A post using a trolling representation of Trump's name has been removed. 

[EVENKEEL]

I pulled out 2,000 points ago on DJ, waiting for a crash to jump back in.