I love it. A bad jobs report and they'll push it up just to say they were there when it hit 20K. Or is that 20M?
Wonder if they're going to want to be there when it falls....
Biggest thing about this run up; every peak has a down slope.
My opinion: a 20K Dow is an entirely unsupported and unrealistic peg made by those who shape, theorize and otherwise control the markets. Unemployment is still high. Oil and energy prices are quickly moving higher. The social and cultural framework of the nation is tattered and worn which makes it vulnerable to unrest and upheaval.
I recall being in the market about 35 years ago when a P/E ratio exceeding 10 was considered highly speculative. Now? Sheesh!
When the plunge begins I will be watching. Not until.
Hurry and cash out your 4 o 1 kays before it falls.
Very interesting to see this ... my sons and I started watching the DJIA for fun back in 1991, and watched it tick over to 3000. Never in a million years would we have guessed we'd be flirting with 20K just 26 years later.