Dow Jones Reaches Record Closing Value

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Dow Jones Reaches Record Closing Value (Bloomberg)

U.S. Federal Reserve officials confirmed further stimulus efforts due to current economic weakness, causing investors to enter the markets and pushing the Dow Jones Industrial Average to a new record closing high of 15,746.88. “The central bank has decided they will reward risk behavior and that’s what we’re going to get,” Bill Mann, chief investment officer at Motley Fool Asset Management in Alexandria, Virginia, said. “The market will keep hitting their highs until the stimulus reverses itself.”

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When I look at the strong gains in the domestic equity market over the past year, I tend to feel a bit ambivalent.

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