Chuck Darwin on Nostr: Dow Jones Industrial Average hits 40,000 points for first time "Breaking the 40,000 ...
Dow Jones Industrial Average hits 40,000 points for first time
"Breaking the 40,000 barrier is a big psychological boost for the bulls as round numbers hold special significance in people’s hearts and minds.
“We are in a Bull Market and people are showing some irrational exuberance (meme stocks) and dismissing bad news (slowing retail sales) and focusing on good news (slightly slowing inflation).”
https://www.theguardian.com/business/live/2024/may/16/japan-economy-shrinks-bt-cost-savings-bank-of-england-stock-markets-pound-business-live?CMP=Share_iOSApp_Other
"Breaking the 40,000 barrier is a big psychological boost for the bulls as round numbers hold special significance in people’s hearts and minds.
“We are in a Bull Market and people are showing some irrational exuberance (meme stocks) and dismissing bad news (slowing retail sales) and focusing on good news (slightly slowing inflation).”
https://www.theguardian.com/business/live/2024/may/16/japan-economy-shrinks-bt-cost-savings-bank-of-england-stock-markets-pound-business-live?CMP=Share_iOSApp_Other