Tuesday, November 10, 2020

THE MARKET SURE WAS HAPPY YESTERDAY

by Bob Walsh


The DOW bumped up to 29,933 yesterday, a new high.  It finally settled at a tad over 29,150 for the close.  Many of the travel and leisure stocks went temporarily batshit crazy as well.  

I realize the stock market does not directly effect everybody, but it can be a useful barometer of how things are going in general.  The market seems to have no problem at all with a Joe Biden presidency as long as there is a Republican senate.  If that senate things changes in January after the Georgia runoffs, it could get dicey.

At any rate the highest market number EVER and the highest market close in eleven months is still a win in my book. 

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