The Dow Jones Industrial Average passed 25,000 for the first time this week, and tech stocks reached new records, too. At more than eight years old, this long bull market has to end sometime. But so far investors are still riding it.
Roughly half of Americans own no stocks, even indirectly. The wealthiest 1 percent own about 40 percent of shares and the richest 10 percent own 85 percent.
If you’re in these cohorts — and even if you’re not — how are you changing your investing strategy in response to these record highs?
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This Week’s Links:
• The millennium is off to a bad economic start | Bloomberg View
• China, the innovation dragon | Simon Johnson
• Working at Walmart at age 79 — a preview of an America without pensions | The Washington Post
• A look at recreational marijuana sales | Josh Lehner
Today’s Econ Haiku:
Bull? How long before
The makers’ stagnant wages
Trip up Wall Street’s run