Holy Dow!

By Tim Knight

Equities are an absolute runaway train at this point. Fear Of Missing Out (FOMO) has clenched the throats of the trading public, and a money-losing Internet company whose principal product is a disappearing-dick-pics app is about to enjoy one of the most sensational IPOs of the decade tomorrow. Here below we see the Dow 30 blowing past 21,000 in another multi-hundred point move:


And the Transports, which looked briefly like they were weakening, joining the party, keeping Dow Theory buffs smiling:


I’m speechless for the moment.

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