Tuesday, March 5, 2013

The Dow Jones Industrial Average is at a new high! So what?!

Its all over the news!  The Dow hit a new all-time high.  But really, who cares?

While I will use the Dow as part of my market analysis, I certainly do NOT consider it a leader.  After all, what is the performance of funds benchmarked off of?  The S&P 500, NOT the Dow.

Still, it makes good fodder for the news folk.

Dow surges to new record highs - Washington Times
Corporate profits are at record highs, US labor costs have rarely been so low, interest rates are scraping rock-bottom, and central banks are flooding the markets with money, among other boons cited by market analysts.

Dow Jones Industrial Average Holds Record High - ABC News
Stocks have been in a five-year bull market, helped by the Federal Reserve, which has kept interest rates near zero to assist in the recovery of the h

Dow Jones industrial average surges to record - News OK
Stocks have rallied powerfully this year, impressing even market's most ardent skeptics, on optimism that the housing market is recovering and companies are slowly starting to hire again.
ousing market.

No comments:

Post a Comment