Dow Jones New High

Close to four years to the date that the Dow printed it's bear market low and despite nearly four years of incessant negativity, the Dow Jones Industrial Average printed a new high this morning.  Nobody knows what will happen the rest of the day but we have now reached record levels.  For those interested the printed low was 6547 back on March, 09, 2009.  The Dow is up roughly 115% since then. 

For my thoughts on this see my last letter to clients which begins here.

*Long ETFs related to the Dow Jones Industrial Averages in certain client accounts.