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DJIA 20K is irrelevant

January 4, 2017 by Cody Willard

Will we hit the “psychologically important” level of DJIA 20K? First off, what the heck does “psychologically important level” mean anyway? Like, are people suddenly going to change their stock market allocation or their trading approach if a collection of a few dozen mega-cap stocks happen to go up another 1/10th of 1% from the current level of 19,900?

It’s best not to think about DJIA 20K. It’s irrelevant. There I said it. DJIA 19,900 is the same as DJIA 20,000.

Be sure to join me at 2:00 p.m. EST today for the live Q&A in the Chat Room. If you can’t join me live, you can email your questions to support@tradingwithcody.com (or just hit reply on this email), and I’ll be sure to get them answered.

 

 

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Filed Under: Free Trading and Investing Articles by Cody

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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Disclosure: The firm in which Willard is a partner and/or Mr. Willard has positions in some of the stocks mentioned on this site although positions can change at any time and without notice.

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