At 11:55 AM EST on Tuesday, 11/24/20, two days before Thanksgiving Day, the Dow Jones Industrial Average, which is reported by various tickers such as INDU, DJIA and DJI, the Dirty Thirty, prints the highest number in history at 30,116.51 also closing at a record high at 30,046.24. The wealthy dance with glee at the riches bestowed upon them by the Federal Reserve and other central banks over the last 11 years and 9 months (QE1 was implemented by the Fed in March 2009 to save the stock market and protect the wealthy class).
The two-week rally in stocks right now is due to happy vaccine talk and the Biden appointment of Yellen as Treasury Secretary. The wealthy perform jigs of joy while sipping expensive booze laughing at the idiot huddled masses. One-half of Americans do not own a single share of stock. The American medical system may be in complete collapse as the clock strikes 2021 but no worries, everyone is whistling past the graveyard, partying like its 1999, as Prince would sing.
President Trump comes out of hiding for a one-minute camera appearance in the pressroom. Trump brags about the Dow 30K milestone calling it "sacred." That is an odd choice of words. Number milestones are important to those that solely worship money as their God.
Sleepy Joe Biden has been known to be the US president-elect for 3 weeks and perhaps the credit for the rally would go to him? Trump claimed credit for all stock gains directly after his election in 2016. Donnie's a day late and a dollar short this time around. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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