There’s a lot of talk about how impressive it is that the Dow Jones went from 20,000 to 21,000 in just 35 days. Many articles talked about how it was the fastest move since it went from 10,000 to 11,000. However, when you look at the math, it doesn’t really seem as impressive. Going from 10,000 to 11,000 is a 10% move in the index. Going from 20,000 to 21,000 is only a 5% move in the index. Despite it being the same amount of points, the moves are completely different. Apples to oranges people.
Here’s what I’ve been reading this morning: