DJIA

Why Wall Street’s Dow 20,000 is totally meaningless

The Dow Jones Industrial Average just broke 20,000 for the first time.  Traders and investors cheered this historic high of the world’s most famous stock market index, which is composed of 30 of the biggest and best-performing American companies and is frequently used as a barometer of the strength of the economy.

However, it’s hardly a surprise that the Dow hit this particular milestone. It and other major stock indexes like the Standard & Poor’s 500 have two key features that ensure that they will continually rise and break new zero-filled records: They ignore inflation and are heavily curated. Continue reading →

Three reasons why most of us shouldn’t worry about the global stock market meltdown

On Monday, the world’s stock markets continued to fall after suffering steep losses the previous week.  The Dow Jones Industrial Average, one of the most widely followed indexes, opened for trading by dropping more than 1,000 points in the first six minutes, or about 6.5%. This thousand-point drop was the largest intraday plunge in the index’s history. Continue reading →