Dow Hits All-Time High
In the face of great skepticism and a laundry list of reasons why it shouldn’t be happening, the Dow Jones Industrial Average (^DJI) burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007. As it stands, the DJIA is also trading above the record intraday high of 14,198.
While the Dow’s move into all-time high territory was not entirely unexpected, it is nonetheless a momentous achievement. Of particular note is the fact that today’s record comes just four days shy of what will be the index’s 4th anniversary of its low, which was set almost 4,000 points ago on March 9, 2009.
As my co-host Jeff Macke and I discuss in the attached video, the final leg of the blue chip benchmark’s journey was a drive of almost unstoppable determination, that was able to overcome obstacle after obstacle that many feared would see it stumble before reaching the goal.
source: Yahoo Finance
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