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Dow Surpasses All-Time High

This article was written by in Investing. 2 comments.

Everyone is aflutter with the news that the Dow Jones industrial average traded above its record high close this morning. I’m not sure these benchmarks really matter. It may have a small psychological effect, with selling off in the short term, but I’m not too concerned.

Updated February 10, 2011 and originally published September 28, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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avatar Russell Bailyn

I didn’t get all that excited over the “new high” this morning. For starters, The Dow Jones Industrial Average isn’t exactly our best measure of the economy. The S&P is way off its all time high and Nasdaq, well, we don’t need to talk about that. Normally a fresh high for the Dow would spark excitement and probably a broad-based international rally, however, today’s greeting was totally unexciting. Perhaps the lukewarm GDP numbers and appaling housing data have people thinking more conservatively about the markets.

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