The Dow has a predisposition to go higher and not lower.
Good performing stocks are kept in and poor performing stocks are rotated out for other good performing stocks.
So IOW, the Dow will ALWAYS go up. This should surprise nobody.
When the thinking was that Obama would win the Presidency in the fall of '08 the stock market went down, down, down.
As it has since 1929. If you look at a chart of the Dow since 1929 (and I’m not tech savvy enough to post it), you wouldn’t even notice the blips that are the crash of 1929 and 1987. And when you consider that there is still $12 TRILLION in cash sitting on the sidelines? And that Japan is moving down and China is questionable? Well, where will people put their cash? Not in mattresses.