Friends
The bulls continue the charge towards the Dow 20,000 level, and it appears that there should be enough trading sessions left in 2016 to reach their goal. Santa is about to swoop into the proceedings so perhaps he can help push the Dow above that 20,000 mark.
For the day, the Dow Jones Industrial Average was up 91 points to finish the day at 19,974. The S&P 500 was up 8 points to close at 2270. Gold was down $9 to trade at $1,133 per ounce, while oil was up $.11, trading at $52.22 per barrel WTI. Nat Gas was down $.084 to finish trading at $3.308.
No, Dow 20,000 really doesn’t mean anything. In fact big round numbers like this are often met with selling pressure. But these big round numbers do attract attention, and it would be interesting to see what might happen if the public actually decided to get involved in the action. They have loathed the stock market for years and have stayed unattached. Will headlines and hoopla get them off the sidelines and back into the fray? That would be interesting.
Have a nice evening everyone.
