FYI: Stop me if you’ve heard this before. The major stock market indexes rose to records again this past week against a backdrop of domestic political fights and global geopolitical tensions. It almost appears as if the equity market resides in a separate universe.
The irrepressible and reliably bearish Doug Kass, who runs Seabreeze Partners Management, suggests (with tongue firmly in cheek) that there is some outside force at work that continues to lift stocks ever higher. As the industrials topped 28,000 on Friday, talk of Dow 30,000 didn’t seem so fanciful as when Barron’s suggested it in January 2017, as the blue chips hit 20,000, right around when President Donald Trump was inaugurated.
Regards,
Ted
https://www.barrons.com/articles/next-stop-dow-30-000-it-could-happen-51573871667?mod=djem_b_Weekly Feed for Barrons Magazine
