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The Dow Jones Industrial Average hits 40,000 for the first time

Better late than never

This book was published by David Elias in 1999 and he predicted that the Dow Jones Industrial Average would “pass the 40,000 level by 2016” (specifically June 2, 2016). He was 50% off schedule and the 2000-2009 period was tough, but he was on the right side of the market.

I almost never look at the Dow Jones Industrial Average because it’s a price-weighted relic that only contains 30 stocks.

Here are the 30 values ​​of the DJIA:

  1. 3M Company (MMM)
  2. American Express (AXP)
  3. Amgen (AMGN)
  4. Apple (AAPL)
  5. Boeing (BA)
  6. Caterpillar (CAT)
  7. Chevron (CVX)
  8. Cisco Systems (CSCO)
  9. The Coca-Cola Company (KO)
  10. The Walt Disney Company (DIS)
  11. Dow Inc. (DOW)
  12. Goldman Sachs (GS)
  13. Home deposit (HD)
  14. Honeywell (HON)
  15. IBM (IBM)
  16. Intel (INTC)
  17. Johnson & Johnson (JNJ)
  18. JPMorgan Chase (JPM)
  19. McDonald’s (MCD)
  20. Merck & Co. (MRK)
  21. Microsoft (MSFT)
  22. Nike (NKE)
  23. Procter & Gamble (PG)
  24. Salesforce (CRM)
  25. Travelers Companies (TRV)
  26. UnitedHealth Group (UNH)
  27. Verizon Communications (VZ)
  28. Visa (V)
  29. Walmart (WMT)
  30. The Home Depot (HD)

Notably missing are many mega-cap tech stocks, including Nvidia and Alphabet.

Where there could be some impact is on the main street. Tomorrow’s headlines will highlight the new high, which could attract more money and enthusiasm to the market. The President will no doubt also try to get something out of it.

Overall, the lesson is that it’s hard to bet against stocks.

Dow Jones Industrial Average Monthly

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