Dow Jones Surges Above 40000: A Sign of Economic Recovery and Pricey Investments

Geoff Bennett reported that it has been a significant week for the stock market, with the Dow Jones closing above the 40000 mark for the first time. Additionally, the S&P 500 and the Nasdaq also reached record highs this week. This indicates a strong rally back from the recent lows of 2022, with the Dow now about 40 percent higher than when the pandemic began.

Roben Farzad, host of public radio’s “Full Disclosure” podcast, joined the discussion and noted that everything in the current economy feels pricey, including housing, crypto, gold, and stocks. He discussed the history of the Dow reaching milestone numbers, such as the infamous “Dow 36000” prediction that took a long time to materialize. Farzad also mentioned the idea that the Dow should be higher if it were more rationally planned, with components that better represent