Originally Posted by
lolwut
It also crossed 14,000 in 2007. And was trending upwards very well with predictions of even more than 35% in the next 3 years.
In 2009, it was below 7,000.
This country, and the whole world, has a whole pile of financial problems that aren't being fixed. The problem is just being kicked down the road. As an active investor, the fact that the Dow hit 14,000 today (and its stellar performance lately) makes me very very nervous, not excited. The trend doesn't have a lot to support it and is very misleading.
Didn't the Fed state that they would continue to buy treasury bonds up to $80Billion per month? Or did I read that wrong?