Most of the audience reading this note won’t be surprised to hear Rolling Stone magazine listed Bob Dylan’s 1965 hit “Like a Rolling Stone” at the top of their 500 Greatest Songs of All Time list. You might, however, not know that number 480 on the same list is “Sabotage” from the Beastie Boys’ 1994 album Ill Communication
Stock markets are dynamic organisms. Their movements are influenced by millions of people. These individuals come with unique circumstances, opinions, and preferences which might change for any number of reasons. Each day investors pore over data, parsing it in their own unique ways, creating reasons to buy or sell.
Here we are on the last day of 2018, and it’s unclear to me how the year should be filed. It started off on a tear. Before reaching the end of January, the Dow Jones Industrial Average (DJIA), a mathematical index comprised of just 30 publicly traded companies which cannot be invested in directly, reached a record level. Put it down in the history books.