Dow Breezes Past 15,000
For the first time ever, the Dow blasted higher than 15,000 on Friday.
Investors have the jobs market to thank for at least part of the historic climb.
Job creation topped forecasts in April… March figures were revised sharply higher… And according to CNN Money, “February job growth, which had already looked solid, now looks even stronger. About 332,000 jobs were added in February, making it the strongest month for hiring since the Census hired temporary workers in 2010.”
Not to mention that the media is touting the new unemployment rate of 7.5 % – a level not seen since December 2008. Of course, we know that the real unemployment rate is higher. But clearly, investors aren’t too worried.