The
Dow Average oscillated to the 26,000 mark in 2019 up from 18,000 in 2016. The Dow entered 2020 at 28,868.80 and hit the
29,000 mark on 1/15/20 and bounced around the 28,000s and 29,000s all year amid
predictions of Dow 30.
As of
2/27/20, the Dow is back down to 25,759.69 and has lost 3,109.11 points. The
Dow will recover because of high net worth and continued demand for products
and services.
The
basic rule is to buy low and sell high and the Dow is dominated by large
institutional buyers who keep the Dow oscillating to claw additional gains
beyond those you get from buying and holding. The Dow may be near its bottom
and ready to buy.
Low
interest rates allow home ownership and the opportunity to add to net worth.
China may lose even more manufacturing jobs if the coronavirus continues to
disrupt their manufacturing centers.
Dow
2020 Average Closing listed below.
2/27/20 25759.69
2/26/20
26957.59
2/25/20 27081.36
2/24/20
27960.80
2/21/20
28992.41
2/20/20 29218.98
2/19/20
29348.03
2/18/20
29232.19
2/14/20 29398.08
2/13/20 29423.31
2/12/20
29551.42
2/11/20
29276.34
2/10/20
29276.82
2/7/20 29102.51
2/6/20 29379.77
2/5/20 29280.85
2/4/20 28807.63
2/3/20 28399.81
1/30/20
28859.44
1/29/20
28734.45
1/28/20 28772.85
1/27/20
28535.80
1/24/20
28989.73
1/23/20 29160.09
1/22/20
29186.27
1/21/20
29196.04
1/17/20
29348.10
1/16/20 29297.64
1/15/20
29030.22
1/14/20
28939.67
1/13/20
28907.05
1/10/20
28823.77
1/9/20 28956.90
1/8/20 28745.09
1/7/20 28583.68
1/6/20 28703.38
1/3/20 28634.88
1/2/20 28868.80
The 30 Companies in the Dow Average do have weaknesses that
should affect their value, but the Dow is more based on demand and
“representation” in the US economy. The Dow includes products and services that
are absolutely necessary like food, shelter, toilet paper, tools, energy, transportation
and electronic systems, but also includes over-subsidized industries like
healthcare and unnecessary products like entertainment, recreation, fast food, soft
drinks, internet and I-Phones.
Dow Companies are listed
below.
Norb
Leahy, Dunwoody GA Tea Party Leader
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