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 @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
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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.