Dow Jones Industrial Average Posts 10th Straight Day of Gains

  • Posted on: 9 December 2015
  • By: admin

Dow Jones Industrial Average Posts 10th Straight Day of Gains

Yesterday’s positive close for the Dow Jones Industrial Average was its 10th straight positive close in a row, something that hasn’t happened since 1996. You can read a recap at http://www.reuters.com/article/2013/03/14/us-markets-stocks-idUSBRE92A07T20130314

 

Why You Should Care

We don’t want to discuss the 10 straight days of gains for the Dow in the context of record highs and euphoria. Rather we want to call investor attention to the fact that being negative about equity markets continues to be a losing proposition. For the last four years, if you have been waiting for a 2008-like meltdown because “this is all fake and a creation of the Fed printing money” you have missed out on a gain of over 130%, and your retirement plans have suffered greatly for it.

The 10 straight days of gains have also come in a measured fashion. These are not the go go days of the 90’s, where stocks posted remarkable gains on nothing at all. This has been a steady march higher with low volatility.