Friday, January 27, 2017

Meaningless? How About Dangerous, Too

Why Wall Street's Dow 20,000 is totally meaningless

By Jay L. Zagorsky, Economist and Research Scientist, The Ohio State University. The Dow Jones Industrial Average just broke 20,000 for the first time. Traders and investors cheered this historic high of the world’s most famous stock market index, which is composed of 30 of the biggest and best-performing American companies and is frequently used as…