I'm not sure it's a horribly relevant number. What people should focus on is the fundamental value of what it is they're buying. From financial consultant Jinying Shaw's perspective, the mark was not at all unexpected. But make no mistake - these local investors believe the milestone is an indication that things are going well for the U.S. economy. It is good news.
Inflation is low, there's full employment and everyone has money to spend.
And people are spending money, which drives our market. As recently as October, the Dow had dipped below 8,000. Investors might see a correction of 5 or 10 percent sometime in the future, Shaw said. That's how the market works - up and down, up and down. Taub said investors can expect to see continued growth in the market.