It's down a skosh today, after closing 85 points from the alltime high yesterday. I heard on the radio this morning that there would be a little drop because of the Fed raising the discount rate today.
You make a good point. Just before I posted this thread, I checked today's Dow chart, which showed it wasn't teetering on the brink anyway, but had a modest deline on the order of .7% at the time they made that statement. Clueless.