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The Compound and Friends

CHAPTER

The Dow's New All Time High

A new all time high is that traditional bear? No, not at all. It's less about whether it was 11 or 12 or 13 or 14 or 10 and more about the fact that we're seeing these thrusts of relentless bids that tends to happen closer to the beginning than the end. So this is just one of those where you have the companies that make the goods and then you had the companies that deliver those goods. And then if you want to argue that we don't deliver our goods through railroads or automobiles or airlines anymore and we deliver them through computers and semiconductors, well, they're making new highs also.

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