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Dow Hits 12k: Does It Matter?

26 January 2011 6 Comments

We like to make big deals of these levels in the Dow.  We crossed 12,000.  Does it matter?  Well, first, I’d say that the Dow is sort of archaic and the S&P 500 is a better index.  Regardless, though, if you’re a bull, you’re cheering the new level.  The reality though is that 90% of these bulls only care about what the stock market does this year.  This is a terrible way to invest.  Ignore the short term cheering, and focus on the fundamentals, and the big trends that you know are in place.  If you missed it, I outlined some of these trends here.

6 Comments »

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  • Compression Socks said:

    I think it will stay around this level for some time. It may have some ups and downs but overall it will be steady I believe.
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  • click said:

    yup its great for the stockers, it is great news for the traders who had their eyes glued on to the trading sheets to have their pockets brimming. thanks for bringing me up this data through your site. crisp and brief data.

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