Congratulations, America! The Dow Jones Industrial Average has just rolled past 20,000 for the first time ever! Let the fireworks fly, because the ticker tape parade is about to begin! The Trump administration, wasting no time in chalking this up to “the Trump effect,” celebrated. Asian markets, which lifted as much as 1.8% on the Read More…
Tag: DOW
Irrational Exuberance in US Stock Market Grasps at 20K for Dow
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession? This burst of enthusiasm in response to Trump’s victory, flew in the Read More…