THE 30,000 DOW

Today, the Dow Jones Average closed over 30,000.  This is a new all-time high.

It can be argued that this is a positive reaction to the prospect of Joe Biden replacing Donald Trump.  But that would be a little hard to believe, given that the Dow was at 18,332 on election day 2016, and was at 27,480 election day this year.  It is hard to reconcile a 50% rise in the Dow with unhappiness toward the President.

It can also be argued that this is a positive reaction to significant Republican gains in the House of Representatives this year.  That would be a lot easier to believe, given that election day 2018. when Democrats took control of the House, the Dow closed at 25, 461 – so it went up less only about 8% over the next two years.

But, then again, we have this jump of over 9% from 27,480 to 30,047 in the three weeks from election day to today.  What about that?

Y’know, maybe there’s a little more to it than politics….

3 Comments

  • Gee, do you think the development of a vaccine for the Chinese Plague might have something to do with it?

  • Having sold about half of my investment properties in the last year, I don’t have a clue what to do with the money. I know, I can give it to you. 😉

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