Dow Jones Hits Over 20,000 For The First Time

This just in: The Dow Jones industrial average hit over 20,000 for the first time in history. As the AP puts it, this is a “record-setting drive for the stock market.”

“This is historic.” Dow hits 20K for the first time https://t.co/I6A1tn3TVo #Dow20K pic.twitter.com/ex1FaJlUlk

— Fox News (@FoxNews) January 25, 2017

While some remain skeptical…

Trump taking credit for Dow jones reaching 20,000. Does trump realize that 99 percent of that 20,000 happened before he was president?!

— (((DeanObeidallah))) (@Deanofcomedy) January 25, 2017

Dow Jones January 20, 2009:
7,949.98

Dow Jones January 20, 2017:
19,732.40#ThanksObama #ComeBack

— Debra (@IamGoldie22) January 25, 2017

Obama takes Dow Jones from 7,900 to 19,700. He’ll get less credit for it than Trump will invent for himself for #dow20k

— Zeddy (@ZeddRebel) January 25, 2017

…others are attributing this to the “Trump effect.”

Market participants credited Trump’s announcements on Tuesday, to advance two major pipeline projects blocked by former president Barack Obama, for the surge in the Dow’s performance on Wednesday.

 

It was 0.7% higher within the first hour of trading at 20,051, with analysts saying the continued climb in value was down to investment through “FOMO” or the “fear of missing out.”

The Dow Jones trading above 20,000 is a ‘huge’ vote of confidence in @POTUS.

— Nigel Farage (@Nigel_Farage) January 25, 2017

“If Trump wins, the economy will tank and the stock market will plummet.”#dow20k

*silence*

— Hutch (@LawlessPirate) January 25, 2017

President Trump is pretty stoked:

Great! #Dow20K https://t.co/wXFhXBLgag

— President Trump (@POTUS) January 25, 2017

Thoughts?