THE HUMBLE LIBERTARIAN

Mind your business.

Friday, June 7, 2019

Dow 35,000: Trump Rails at Fed for Wiping 10,000 Points Off the DJIA

By: Wes Messamore
CCN



If the stock market was 10,000 points higher that means the Dow would be pushing 36,000.

The president obviously thinks this would be a good thing, but the real value of the Dow lies in the ability of the companies that comprise it to deliver profits.

The president is essentially saying such a dramatically higher valuation (38.8 percent higher) would be justified solely on the basis of more liquidity for stock market investors and day traders.

Read more at CCN.