24,000 Thursday – Dow Continues It’s Insane March Higher

24,000!  

It was only September when we broke back over 22,000 so about 10% gained in 3 months added to the 10% gained the previous 8 months puts us up 20% for the year.  On the Dow Jones Industrial Average, that means our 30 Dow stocks have gained $1.2 TRILLION in market cap to what is now just shy of $7.5 TRILLION for just 30 of the S&P 500 companies.  Keep in mind that the entire $18.5Tn United States GDP gained just 3.3% last year and that's only $610Bn so, even if the 30 Dow companies had gotten 100% of the entire country's growth – they'd still be shy $600Bn.

But, as I mentioned yesterday, it's not just the Dow 30 that are growing insanely – the entire S&P 500 is up 25% since Trump's election and you can credit the President if you want but, as I said, 3.3% GDP growth is $610Bn and our Top 500 companies (including the Dow 30) are now worth $24 TRILLION – up $5Tn in 12 months so we are, in effect, paying 8 times the actual economic growth for the stocks and that's assuming ALL of the growth goes to those 500 companies (and none for you, your family, local businesses, etc). 

 

IN PROGRESS