Shhh – the MSM is not reporting this but the greatest economic recovery in US history has already begun. The DOW is up almost 7,000 points since March’s low.
This is record breaking. The DOW is up nearly 7,000 points in the last two months. The DOW has never gone up more in a two month period.
The media cheered as the markets plummeted in February and March after reaching another all-time high on February 12, 2020, of 29,551. A depression or recession would doom the Trump Presidency. Day and night they tell stories of death and unemployment.
But things have changed. Yes, not everyone is back at work due to crazy inhibitive government or corporate actions, but many Americans are at work again. The signs of a recovery are everywhere.
The markets are a picture of what the economy is and what it is expected to be. Company stock prices should reflect the present value of current and future earnings. The markets today have very high hopes of what is coming in the next few months, so much so, that the markets have reached heights never seen before.
On March 23rd, the DOW closed at 18,592. This was the lowest the markets had been since before the President was elected. But over the past two months, the DOW has gained back nearly 7,000 points. On Wednesday, May 27th, the DOW closed at 25,548, for an increase of 6,956 points since March 23rd.
This increase over the past two months is the greatest in US history! Never before has the DOW gained so much in such a short period of time.