Dow breaks 16,000, S&P Breaks 1800, whatever.

No parades outside your window? How about traders on the floor of the NYSE wearing hats or blowing noisemakers? Nope.

The Dow just smashed through 16,000 today for the first time in history while the S&P 500 broke above 1800. In the meanwhile, the Nasdaq is hovering around 4000.

And nobody gives a f*ck.

Business as usual.

Here’s how I responded to all the handwringing surrounding the Dow’s break above 15,000 from May of this year – you can substitute 16k for 15k…


“Putting Dow 15,000 in Perspective”


Oh please, like I would ever write something like that.

If anything, too much perspective has been driving people out of their minds. Everyone has their perspective, whether you’ve asked for it or not. What you probably need is less perspective, or should I say more perspective from people whose perspective has been helpful.

Or maybe none at all for now.  Let’s take a break from all the unqualified, inexperienced, triflingly myopic and hopelessly biased “perspective” for the night.

Why does anyone need the record high close in the Dow Jones Industrial Average “put into perspective”, anyway?

Why do we need another “commentator” with no trading experience or skin in the game or ass on the line to tell us whether or not “the Dow matters” or doesn’t matter?

Why do we need another “take” on the reality before our eyes?

Why would we want to read yet another treatise about how the Dow is not reflective of the whole market?

Or how the Dow isn’t reflective of the economy?

Or how the Dow isn’t reflective of the experiences of job seekers or Boomers or MBAs or working women or Wal-Mart greeters or whatever the fuck they want to juxtapose it with to make investors feel apprehensive or guilty or both?

How many inanimate objects can we re-price the Dow in to convince others that everything still sucks?

Should we remind people how much less gold the Dow can buy them than it could have for their grandparents in the 1940′s? That’s important for some reason, right?

Should we put ourselves through the tortured calculations that show how, on an inflation-adjusted basis, the market is actually down and not up? (Maybe not, because if the Dow, which has doubled, is still down vs inflation – then what do you think hoarded cash is worth? LOL.)

How many times must we read the debate about whether stocks are expensive or cheap, overbought or underestimated?

How much of that should we be exposed to and for how many months straight?

It is enough already, just stop it.


I’m Josh Brown and I approved this message.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Blue Coaster33 commented on Apr 30

    The Silent Shard

    This may possibly be rather useful for some of one’s positions I plan to really don’t only with my website but

  2. mo thay ret commented on Sep 15

    … [Trackback]

    […] Read More Info here to that Topic: […]

  3. Avalon commented on Sep 17

    … [Trackback]

    […] Read More on on that Topic: […]

  4. cheltenham chauffeur service commented on Sep 17

    … [Trackback]

    […] Information to that Topic: […]

  5. Exotic Animals for Sale commented on Oct 13

    … [Trackback]

    […] Here you will find 64839 additional Info to that Topic: […]

  6. 토토사이트 commented on Dec 09

    … [Trackback]

    […] Read More to that Topic: […]

  7. tangerine login website commented on Jan 14

    … [Trackback]

    […] Read More here on that Topic: […]

  8. checkvin commented on Jan 15

    … [Trackback]

    […] Read More on on that Topic: […]

  9. replique rolex commented on Jan 16

    … [Trackback]

    […] Information to that Topic: […]

  10. replica handbags commented on Jan 23

    … [Trackback]

    […] Info to that Topic: […]

  11. Claims Plastic surgery services commented on Jan 28

    … [Trackback]

    […] Find More Information here on that Topic: […]