Well, nothing really. It’s just a fun number. The Dow Jones Industrial Average (DJIA or Dow) is price- weighted index that gets its value from 30 stocks of large US companies. It’s sort of like a cross-section, and it’s simply a method of attempting to measure the market’s direction at a given time. At 20,000, we’re not witnessing a new ceiling/floor or a new era of investing, it’s just a notable number. But that’s really all that’s happened: we’ve witnessed it. What makes a stock perform is in the measures of business, not the arrival at a number.
Just as an age doesn’t require or inhibit maturity, and just like the number on a scale doesn’t mean you’re healthy or unhealthy, an index milestone doesn’t signal prosperity or the lack thereof; it’s just a number. So what number should you pay attention to? Now that’s a much better question! Take a look at the numbers in your long-term goals. The best way to celebrate is to review your retirement plan to make sure you’re on track. There’s no better way to celebrate!
You can contact Joey at 1940 N. Jackson St., Suite 140, here in Tullahoma. 931-454-2435 or visit www.edwardjones.com.