The Dow closes above 10,000 today. Why?
The Dow Jones Industrial Average closed above 10,000 today. Why?
Has the economy gotten better?
Are companies suddenly more productive?
Or could it be that the value of the dollar has gone down so much that prices have gone up?
Several countries have talked about moving away from the dollar as the world’s standard currency. The only problem with countries doing that is those who want to move away from the dollar have lots of them. So, how can they move away from the dollar as the standard without being left holding lots of dollars that have suddenly lost value? Simple, spend those dollars before they lose their value.
How can you spend lots of dollars? Invest in the stock market. Of course, that would drive the prices up, but at least they would have something of value (our companies).
I hope I am wrong.