• Mohamed A. El-Erian

On the cusp of Dow 20k


Pundits were unsure of how the markets would react to the election of our Lord and Savior Donald J Trump (ha!) as the 45th President of the United States, but since November 9, 2016, the Dow Jones Industrial average has on numerous occasions come threateningly close to crossing the psychological milestone of 20,000. The financial networks CNBC, Fox Business, Bloomberg, and Yahoo finance have been framing much of their news within the context of breaching this threshold, but what does it really mean for investors? Mohamed El-Erian, author of"The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse," explains what it means for investors: (hint: not much)

https://www.bloomberg.com/view/articles/2017-01-09/does-dow-20-000-matter-mostly-no


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