What’s Next for the Dow and the Markets in General?

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By Douglas A. McIntyre Updated Published
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Almost every financial and general newspaper or news website has as its headline a story about the record peak of the Dow Jones Industrial Average. The same media appear evenly split on what happens now. Will the market race relentlessly higher, or will economic realities cause it to crash? A small sampling:

CNBC: As the Dow surged to a record high on Tuesday, one analyst has labeled the index the “new safe haven.”

CNN Money: Yes, the Dow may be at an all-time high. And the broader S&P 500 may soon hit a new peak of its own. But the American consumer is still hurting. Do not forget that as you read all the headlines about this record-setting bull market.

Wall Street Journal: Some money managers said they are starting to embrace the stock market’s gravity-defying rally, rather than keep looking worriedly in the rearview mirror at lingering consequences of the financial crisis.

New York Times: Nearly all strategists point out that it is much better to buy at a market bottom than to invest after a record has been set. Nonetheless, for those willing to accept the risk, there are strong arguments, based on history and on market fundamentals, for believing that the bull market may still have room to run.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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