Quote:
Originally Posted by Boomer
Hyperbolic, click-baiting headlines with words like ‘streak’ and ‘historic’ are endlessly generated to fill the gaping maw of the 24/7 market news.
2024 has been inundated with proclamations of such horrors as “Mortgage rates reach HISTORIC highs!!” ….
Huh?
Where were you in ‘82?
I am less and less tuned into basically meaningless news. These waters are so uncharted that there is no point in trying to guess where we are headed.
Boomer
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I understand your criticism. I didn't elaborate since everyone one knows that the overall markets are near record highs.
Growing up the Dow Jones was the primary benchmark but it has long since lost its role as a barometer of stock markets. Today it is a poor reflection of the health of the overall market especially since it is price weighted. But is does show that the rising tide hasn't lifted all boats.
Thank you for your feedback.
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