Finding the Cream of the Dow

The milestone of the Dow hitting 20,000 in late January should be taken with a grain of salt, writes Validea CEO John Reese in this week’s Nasdaq. He argues that, given the Dow’s history, the event isn’t really that significant. Starting at its inception in 1896, it took the Dow over a decade to reach 100, then 66 years to reach 1,000, then another 41 years to make 15,000—so, rising by 5,000 in three-and-a-half years,… Read More