The DJIA cracks 23,000 for the first time on 10/17/2017

Posted By on October 17, 2017

DowBreaks23000_171017

It’s just a number, but one that is reminiscent of the Greenspan “irrational exuberance” days back in the late 1990s during the dot-com bubble … but the business news media types cheered the mid-day number (yet to see where the market will close).

One has to chuckle at as to just how wrong a Nobel Prize “expert” economist Paul Krugman (New York Times Columnist) after the election of Donald Trump can be:

So we are very probably looking at a global recession, with no end in sight.”

— Paul Krugman, November 9, 2016

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.