Dow Jones Industrial Average Hits 30000 for the First Time
The Fed has driven this as markets are now almost completely separated from reality.
(From The Wall Street Journal)
The blue-chip index flirted with 30000 in February, then dropped below 19000 in March as the coronavirus pandemic spread. The index has since soared, thanks, in part, to an improving economic landscape and low-interest rates that have boosted the appeal of riskier assets.
This article was originally posted here: https://www.ac2news.com/2020/11/dow-jones-industrial-average-hits-30000-for-the-first-time/.
