DJIA 20K is irrelevant
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.
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