Dow 14000 means absolutely nothing, squared, for most Americans. Who's making less than $100K a year and has spare money for buying stocks?
If food stamps are what keeps the poor from rioting, the Fed throwing eighty billion dollars into the stock market every month for eternity is what keeps the one percent from rioting. That's all it is.
I often wonder why there is this fascination with numbers that have a lot of zeros. 13,967.32 is as important as 14,103.59.
Also, the number was not adjusted for inflation, so it’s invalid.
It means that the dollar doesn’t go as far as it used to on Wall Street.
Only reason market went to 14K was because Bernanke said they were going to print more money.
Dow is down 130 now oooops.
Obama recession on the march.