At 11:08 this morning the Dow hit 13,586. Amazing, considering it had bottomed out in the low 7,000's in the fall of 2008. If somehow, someway it reaches 14,000, the Dow would effectively have grown by almost 7000 points in the last 4 years. How do you explain it, taking into account all the other negative economic data?
You don't! Happy trading.
Reporting Market analyst Steve "Milton Friedman " Goldman.
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