Dow hits new high — so what?

The Dow Jones has reached a new high, but we shouldn’t care, according to John Authers of the Financial Times.

“The Dow’s methodological flaws are overwhelming and there is no reason for anyone to follow it. That it still generates so much attention is attributable to inertia and groupthink,” he says.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.