DOW Set to Break All-Time Record Today – Breaking Reagan’s Record!

GP ^ | 02/24/17 | Jim Hoft

[Enlightened1]

The Dow Jones Industrial Average (DOW) hit another record new high on Thursday! It was the 10th straight daily market close where the DOW set a new stock market high. This incredible rally started back on February 9th.

In the history of the DOW, going back to January 1901, the DOW record for most continuous closing high trading days was set in January of 1987 when Ronald Reagan was President. The DOW set closing highs an amazing 12 times in a row that month. Only two other times has the DOW reached 10 days in a row of closing highs and that was in July 1929 and yesterday. If the DOW reaches a new high today it will be the 11th straight closing where the DOW reached an all time high and it will be one shy of the Reagan era record.

However, counting weekends and holidays, the DOW has closed with new highs over the past 15 days or for more than half this month! The only time in the history of the DOW where the DOW closed with new highs over a longer period was the rally in 1987 under President Reagan. The DOW closed with new highs over a 16 day period (counting weekends) ending on January 20th 1987 for the highest number of consecutive days with new highs – the best in DOW history.

Today the DOW can break this all time record!

If the DOW is up today it will land at it’s 11th straight day of closing at a record all time high. It also would result in today being the 16th consecutive day where the DOW reached an all time high (when including weekends and holidays). It would also mean that...

[billyboy15]

The FED owns stock? Really?

[conservatism_IS_compassion]

Note to Mac users: The link contains an ad for “Macsweeper,” and you could be well advised to find out what Swordmaker thinks of it before you consider downloading it.

[napscoordinator]

Oh I remember October 1987 very well. My graduation money from high school went from 400 dollars to about 50 cents.....lol. I didn’t sell a thing and to this day, I still haven’t sold a single stock even though I have more then 400 dollars in the stock market. We are indeed in a need for a large correction. While I watch the idiots running to their financial advisor, I just buy more with my monthly DRIP program and continue on.