The DOW is over 20,000. The DOW is the Dow Jones Industrial Average. That leads most people to somewhzt vaguely misguided think that the average price of a Dow Stock is 20000. The most expensive Dow Stock is Goldman Sachs at $237. If you divide that into 20,000 you get 84. If you Multiply the most expensive DOW stock by 84 you get 20,000. What is the purpose in giving the impression that the average trading price of stocks is $20,000 when the most expensive stock in the group trades at $238?
"Public information. Transparency."
The DOW is not public information. It is a manufactured number that has no information for the public. There is absolutely no transparency. It is impossible to determine why the average price of the DOW portfolio is multiplied by a manufactured number to get in this case 20000. There is no direct explanation how to use that number that comes from a group of stocks that can under perform or out perform or duplicate the performance of the market.
A crash is always coming when sales are based on hype instead of performance. Every crash results in the same people losing and the same people increasing wealth. Notice how the DOW uses a divisor instead of a multiplier to get a small number to 20000. A divisor supports the word average. To get 100 to 20000 multiply by 200 or divide by 1/200 .
There's no way the stock market's going to stay up that high.
All that is is a little pent-up apprehension for years being let go.
I expect it to float down to 16K soon. 2 months.