The 20,000 Point Pyramid

While I went out to take care of Harry yesterday, the Dow Jones Industrial Average crossed the 20,000 point mark. Later in the day when the session ended, it finished over the same mark for the first time ever.

No, I’ve never played the market, though I held Walmart stock when I worked as a janitor in Charlotte for one of their stores in 1999 and 2000. When my days in North Carolina ended, I sold my stock holding (a little over one share) when it got to $60 a share. Now, the same stock is currently worth $66.89 after being worth north of $70 for most of 2016.

I’m old enough to remember when the DJIA was under 1,000 in the 1970’s, and the stock market “flash crash” on Black Monday in 1987, where markets lost roughly 25% of their value in one day.

To see the Dow at 20K deserves pause. Both the Democrats and Republicans will take credit for it, of course. Enjoy it while it lasts, because you never know what the future will hold.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s