Weekend Reading: Dow 24,000 By Christmas Quotes of greatness... The hardest thing in the world to understand is income tax. -Albert Einstein ---------------------------------------------------------------------------------Authored by Lance Roberts via RealInvestmentAdvice.com, This past week, the Dow crested 23000 sending the networks into a tizzy. It took about 5-minutes of crossing that magical round number, before questions raised of how long before the markets cross 24,000, and 25,000. The chart below shows the 1000-point milestones of the Dow going back to 2009. After a long break between 18,000 and 19,000 in 2015 through the election in 2016, the Dow has surged higher ticking off 4-more milestones in less than a year.
As I have shown previously, these late stage melt-ups are not uncommon. In fact, as shown below, it is something witnessed prior to every market peak previously.