Record High Wednesday – Dow 30,000 in Sight

Next Stop, Dow 30,000 | Barron'sDow 30,000.

Barron's predicted this back in 2017, assuming the Trump tax cuts would boost Corporate Earnings and all went well with China Trade and nothing bad happened – Barron's saw the possibility of the Dow hitting 30,000 by 2025.  While that's all very nice, I will point out that it's only 2020 yet here we are already – the very definition of getting WAY ahead of ourselves.  

What's even more interesting is that we're doing it with 10% unemployment and a virus ravaging our economy and GDP down about 10% for the year – this is some truly insane market action – we're not taking reality into account at all….

Historically, the average Price/Earnings Ratio for the Dow Jones is about 16 times earnings.