Friends
Ok, we finally have that behind us. After much ado, we finally got a close above 20,000 for the Dow Jones Industrial Average. What traders were expecting about a month ago, finally came to fruition today. A solid earnings report sent Boeing shares soaring (see what I did there?) which made it today’s leader in the Dow Jones average, followed by Caterpillar, J P Morgan and Apple.
By the close, the Dow was up 155 points to finish the day at 20,068. The S&P 500 was up 18 points to close at 2298. Gold was down $11 to trade at $1,199 per ounce, while oil was down $.27 to trade at $52.91 per barrel WTI.
The hoopla over 20,000 is really no more than a media creation. It’s not the end of a game. Its’ not the end of a race. It’s not the end of a story. No, it is simply a number. Sure, it was fun and big round numbers draw attention, but now let’s move on and worry about achieving investor’s long term goals. We’ll put the celebratory hats away and get back to normal tomorrow. Now, today’s achievement will draw attention, and perhaps draw new investors. So, we’ll see if we can build on the excitement and create some new momentum.
Have a nice evening everyone.
