12 Dec 2016

Dow 20,000

When I graduated from college in 1995 and started in this industry, I was told that the current saying for the Dow Jones Industrial Average (DJIA) was ‘10,000 by 2000,’ referring to the turn of the century. It seemed impossible to me because, at that point, the DJIA was trading below¬†4,500. ¬†Just a few months before, one of my finance professors said the market was overvalued. Less than six months… Read More