Thursday, January 04, 2018
25090.
The blue-chip index, which heavily weights industrial giants such as Boeing Co. and Caterpillar Inc., was recently up 171 points, or 0.7%, at 25094. If the Dow industrials close above 25000, the jump from 24000 would have taken 23 trading days, ahead of the 24-day spans that took the index to 11000 in 1999 and 21000 in March.
I think we are seeing pre-singularity effects here. The "the future is near" crowd likes to point out how some trends are accelerating. Here, the prediction was that the future would hold increasing wealth, expanding at moore's law type exponential rates.
This year's DJIA curve, to say nothing of the NASDAC, shows this.
One of the hallmarks of the new economy is how rapidly previous records are broken. Change happens fast, and drives more change. Joseph Schumpeter.
I have been effectively snowed in this past week by one of the coldest weeks on record, possilby a byproduct of global warming. The future brings upsides and downsides.
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