33,000 Tuesday – Dow Reaches for the Stars


That's where the Dow closed last night after rallying from 32,500 at lunch.  Why?  We don't know – does it really matter anymore?  33,000 seems impressive but we were at 32,000 on Feb 25th (see "32,000 Thursday – Dow Touches Another Record") and, since then another 1,000 points is only a 2-day move in a month.  It came, however, in a spectacular fashion as we first fell to 30,500, THEN we climbed 2,500 points (almost) in the past two weeks.