Djia closes above 40000

[○∙◄☻¥tπ[╪AV┼cVê└]

At this point, it seems unlikely that the djia will hit a new high this year.
Not surprisingly, October is starting out badly.

The DOW was negative for the year as of yesterday. The highs for the year are in. The market is going nowhere with rates where they are.

I don't usually defend the Biden economy, but the S&P 500 is a lot more relevant than the Dow.

[°Leprechaun]

The stock market is soaring.

I wouldn't be surprised to see it hit new highs next week or the week after that.

[°Leprechaun]

Currenly at 1:50 the djia is 36182.83 (posted on 12/1)

update: 12/6 not much movement this month so far, if it hits a new high before January, I plan
to bump.

(op June 21, 2022, 08:43:06 AM)

as of 2:50 12/13/2023 the djia is 36,937.73.
It is likely that the close will be a day-end all time record.

[Tintrlvr]

New all-time intra-day high today. Seems likely to hold until close.

Edit: And, it did. Closing was both a day-end high and an intra-day high, which is rare.

[°Leprechaun]

I logged into my 401K and looked at the history for this year.
Since Jan 31 it has gone up over 14%.

We are definitely in a bull market.
How long will that last?

I started this thread on June 21 of 2022, when things looked bleak.
Who would have thought back then where we were headed?

I voted yes and broke the tie. I don't remember how long I gave people to vote.
For a very long time I didn't expect to be correct; it wasn't until last month, that it looked that a yes vote was the correct one.

edit: It wasn't long ago that things were a little uncertain...

A "yes" is still possible as of today, but probably unlikely. It should be interesting to watch for the rest of this year.

A yes may be more likely now than when I posted this.
Are we entering a bull market?

The down went up 6.5% in just one month.

[Fmr. Pres. Duke]

Wow! We did it! After 2 long years, the S&P500 tops it's all time high (not adjusted for inflation).

[°Leprechaun]

The djia may close above 40,000 today. Currently it is above 40K

[GAinDC]

Pretty remarkable how the economy’s eulogy has been written so many times over the last few years, only for it to continue to defy expectations.

[Frodo]

Based on gradually slowing inflation; a strong labor market; robust corporate profits; artificial intelligence (AI) becoming the new economic rage that the personal computer, Microsoft's Windows operating system, and the internet (called then the 'World Wide Web') was in the 1990s; and the Federal Reserve cutting interest rates later this year.

[Blue3]

This is a bubble. The economy has not quadrupled in the last 15 years.

[lfromnj]

This is a bubble. The economy has not quadrupled in the last 15 years.

Earnings per shares have though . So seems that the market was quite accurate