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
http://www.washingtontimes.com/
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
http://abcnews.go.com/
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
http://newsok.com/
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.

I think we see all-time highs

My opinion has been for a while (despite the super gurus and their special short sale lists and endless calls for a market top) that we see new all-time highs.  where we go from there is anyone's guess and surely not a sure thing in anyway.

Of course this wont stop the bad breathed scam artist super gurus from saying how they nailed it.  LOL.

REFUSE TO BE SCAMMED!

FoxBusiness.com - With record highs in sight, stocks face roadblocks - Fox Business
http://www.foxbusiness.com/
Major US stock indexes will make another attempt at reaching all-time records, but the fitful pace that has dominated trading is likely to continue.