Saturday, November 16, 2019

DOW CLOSES ABOVE 28,000

by Bob Walsh

Yesterday the Dow Jones Industrial Averages closed at 28,004. This is another new high for the market, something like the fifth this month. A lot of people vote with their wallet. If this keeps up it can only help Trump and will do no good at all for the Democrat-Socialists attempting to demonize him.

EDITOR'S NOTE: There is a problem though. This is good news mostly for investors like me and not for those Americans who do not own any stocks. What counts with them are jobs and wages. A high Dow Jones average doe bode well for the job market.

2 comments:

Trey Rusk said...

BGB there is no downside to a growing economy. A lot of low wage earners have 401k's.

Dave Freeman said...

And for those of us on state retirement plans...those plans heavily invested in the stock market.