Last October, the Dow hit an all-time high of 26,828.39.
Then, just before Christmas, it tanked down to 21,792.20 – still an impressive 15% or so above where it was the day Donald Trump was elected president, but nonetheless quite a bit lower than where it had been.
When that happened, mainstream media could not stop talking about the “crash”, and speculating how much further down it would go before hitting bottom.
Today, as I write this, the Dow is at 26,171.46. that is almost 90% back towards its all-time high in about two months’ time…
… and I keep looking for even the tiniest fraction of coverage telling people that this has happened, maybe with a little accompanying speculation that markets might keep moving in the same direction. But I’m not finding it.
Point made? I’d say so.