Dow 30,000 and Beyond

New all-time highs on Wall Street tell a different story than the mainstream media

Traders work on the floor of the New York Stock Exchange on Oct. 16, 2018. Spencer Platt/Getty Images

The Dow Jones Industrial Average index just reached a milestone valuation 28,000. That’s a pretty big deal in the investing world. It’s never, ever happened. Consider that on November 9, 2009, as the country was struggling to emerge from the Great Recession, the Dow gained two percent and closed at 10,226.9. It has almost tripled since then.

What gives? Don’t trade wars, presidential impeachments and record national debt levels matter to investors? The answer is, “they do and they should,” but not always. Much to the chagrin of the mainstream press which loves to focus on the negatives, it greatly depends on other external factors.

Exaggerated Problems

That’s why Wall Street, with all its wisdom and insight into nation’s economic and political machinations, thinks the trade war with China, the possibility of impeaching the president and the national debt—three really big potential impediments to a healthy economy—don’t really matter that much after all. Much of the rest of the country doesn’t think so, either.