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Friday, December 27, 2019

Nasdaq Hits 9,000 for First Time Ever

Weird. The way-back machine had it on good authority that the 'expert', Nobel prize winning, Distinguished Professor of Economics, and NY Times columnist, Paul Krugman, assured the entire world - without a doubt, on the day Trump was elected in 2016 - that Trump would destroy the world's economy.

But as of yesterday:
"Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.

The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off."
My 401K is going through the roof. Weird. Tell me again, why do we listen to 'experts'?