Something We’ve Waited Months for Just Happened

From Profit Confidential
January 18, 2013 - 12:18pm

Yesterday, something very, very important happened in the stock market. The world’s most widely followed stock market index, the Dow Jones Industrial Average, closed yesterday at 13,596.02. This is the index’s highest level since early October of 2012 when the Dow Jones Industrial Average hit a post-Great Recession high of 13,661.87. At this point in the stock market, we have more bullishness than I’ve seen in years. I’m reading about many stock advisors saying the Dow Jones Industrial Average will move higher because the economy is doing “a lot” better. Optimism reigns everywhere! We hear the real estate market is improving, we hear the unemployment rate is below eight percent for the first time since Obama took office. The “everything is okay now” comfort level has snuck right back in and the stock market is moving close to where it was in October of 2007. (It only took...


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