This seems reminiscent of something from the past. What was that? Oh that’s right. Isn’t this what happened right before the “crash”? I think it was “Black Monday” wasn’t it? I wasn’t there but it does sound familiar. Maybe that’s just the doom and gloom in me.

Yeah its at a 13 month high and wait to it gets to all time "record level's" and then it will come crashing down, worse than as ever been experienced. All orchestrated of course. Still, there's money to be made on the short!

Whatever happened to Reinhart's October crash? Did Legatus NOT meet? Cmon R, speak to us. Your followers can only falsify facts for so long before you are revealed as a fraud.

Oh wait. That's already happened.

Never mind.

Feh to the Dow Jones. All it tells you is how well 30 companies are or aren't doing. To the masses it's a statistical symbol that indicates a benchmark that American society as a whole have become attuned to through cultural influences. It's also not a constant has companies listed come and go. More than half of them became part of the DJIA in the last 20 years, only seven predate 1980 and only five predate 1940. The Dow didn't even start registering over 1,000 until the early 80s. It first broke 10,000 around 10 years ago. Does that mean we're as well off now as 10 years ago?

Benchmarks:

DJIA: 1,000, 10,000
Baseball: .300 hitter, 30 home runs, 100 RBIs, 100 wins, 30/30.
Football: 1,000 yard rusher or receiver, 3,000 yard passer, 4 yards per carry, 100 catches.
Basketball: 30 points per game, 10 rebounds per game.
Music: Number 1, top 10, top 40, gold, platinum.
Automobiles: 20 mpg, 30 mpg, 0-60 time.
Technology: 100 mhz, 200 mhz, 300 mhz, 20 MB, 100 MB, 1 Ghz, 2 Ghz, 1 GB, 1 MP, 5 MP, 10 MP.

On and on. There's also the preoccupation with the first this or the first that.

Numbers never tell the whole story and most people don't consider the underlying data, why those numbers are what they are. They see a number and say "Oh that's good." or "Oh, that's bad." The notion that the economic health of our country is based on a bunch of people on Wall Street yelling "Buy" or "Sell" is silly. We've gone from an agricultural to an industrial to a consumerist society in the space of ~150 years. The might of our country was built on the first two: The third will be the one that brings us down, regardless of the DJIA.

All you need to know as to why the market keeps going up is to look at the dollar. Dollar dives market surges. The correlation will break no one knows when though.