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John Tamny , Forbes
Recently the Dow Jones Industrial Average passed the psychologically significant 10,000 mark. This is an impressive feat for an index that was trading in the 6,000 range less than nine months ago.
While naysayers would correctly point out that the Dow remains flat compared to 10 years ago, the run-up since last spring can’t be dismissed out of hand. This is particularly true when we consider policies coming out of Washington that seem inimical to stock market and economic health.
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