The Dow is at 10,000…Who Cares?

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So the Dow Jones Industrial Average got over the psychological barrier of 10,000 points last week. I wonder if it will go to 11,000 this week?  Probably not. But do people care?

Well, I do care actually. And the investments of millions of people as well as the well-being of millions of companies across this great land do care.  So why the headline above? 

Last weekend, Seth Rogan of the Weekend Update skit on the perennial  Saturday Night Live TV show perhaps summarized the feeling of millions: Rogan mentioned how the Dow broke 10,000 and how 15 million unemployed people at home, in their pajamas in the middle of the day, who were eating Twinkies, cheered with delight. 

That isn’t a perfect quote but you get the idea. The talk is that the recession will end and the recovery will occur sometime in the next month to the next two years (it depends upon who you listen to).  I don’t know who to believe but Seth was right: Recovery or not, too many people are still stuck unemployed or underemployed and know the NBC TV schedule way too well.

If the Dow goes to 20,000 and there are still 6 people for every 1 open job out there, the unemployed just won’t care what the stock market looks like. Granted jobs are always a lagging indicator during a recovery because firms want to be sure things are improving before they add to their payrolls again. 

And the most strategic unemployed people WILL care about the stock market and the recovery. Because we attract what we expect into our life. And if we stay negative, we’ll keep getting negative. 

How about you? Do you think the economy is picking up out there and that there are more jobs now that the Dow Jones Industrial Average has reached this level? Or do you feel stuck on main street despite Wall Street’s success?

Share your thoughts below and keep the faith!

Paul M.

America’s Job Coach  

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