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Rally Monkey gets sucked into the self-referential vortex of psychologically important thresholds

Markets

Rally Monkey gets sucked into the self-referential vortex of psychologically important thresholds

Cue the already-deflating* bubble in a) people pointing out that the Dow hit 13,000, then b) people who point out the irrelevance of the Dow’s crossing 13,000, followed by c) people who get annoyed at people who point out the irrelevance of the Dow’s crossing 13,000 because it’s so bleeding obvious, which of course then leads to — oh hell, never mind.

Here’s the stupid graph of the moment the DJIA crossed 13,000:

And here’s the non-stupid Rally Monkey telling us to shut up and enjoy it:

* Especially because once we hit “Publish” on this post, we’ll no longer even pretend to care.

(The Dow was at 12,989 at pixel time.)

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