What is it about the DOW hitting 20,000 that is such a monumental milestone? Is it really all that different from 19,981? For the past several weeks, I’ve watched the talking heads and anchors on the major business channel outlets, gush and huff and breathless, “watch the DOW to see if it hits that HISTORIC NUMBER!”
Why is 20,000 historic. It’s one point higher than 19,999 which at the time was historic. I guess we humans are just comfortable with nice, round numbers. Orders of magnitude are important to us. Thresholds are fun.
Like my husband said, when I commented on the inanity while sitting on the couch watching the speculation, “Honey, the DOW is just leveling-up. That’s all it means.”
Well, okay then.