FYI: Today the Dow Jones Industrial Average crossed 25,000 for the first time in history. This new high was set in close proximity to the breaking of 24,000, which makes perfect sense when you consider the fact that as the numbers go up, the distance between each 1,000 point increment gets shorter percentage-wise.
Lots of people are going to trot out the usual tropes about why it doesn’t matter. They’ll say “it’s just a round number, it doesn’t signify anything,” and “the Dow is price-weighted, a flawed index, and only captures the movement of 30 stocks.”
Regards,
Ted
http://thereformedbroker.com/2018/01/04/dow-25000/
