Dow surges more than 1,000 points to hit 50,000 for the first time

[Gaugamela]

Irrational exuberance, or have the fundamentals of economics changed? It feels like the stock market has become completely untethered from the real economy.

https://www.cnbc.com/2026/02/05/stock-market-today-live-updates.html

[mnhtnbb]

1. I've been watching it this afternoon. Was just checking to see if someone else had posted crossing 50,000.

There is another hour to go. Could be some profit taking.

[bucolic_frolic]

2. Stocks are being priced in increasingly worthless dollars

So it takes more of them to buy, buy, buy!

[usonian]

3. Which TACO is it responding to?

I was about to cut losses on devastated software stocks.

All of a day ago.

[Greg_In_SF]

4. Yay!

[BeyondGeography]

5. And here I was thinking the President posting racist videos would give people pause about the future of this country

[Lovie777]

6. Didn't the stock market surge to it's highest before the 1929 crash?..................

[Greg_In_SF]

10. It went up

something like ten fold in the 20's. This isn't that.

[Yagoberto]

7. The Dow always has broken records. Under every president.

News about the Dow breaking records is useless Tell me how many presidents presided over a declining Dow. And how many presidents presided under a record breaking dow

A new record is something that typically happens monthly. Always. Often weekly.

[Fiendish Thingy]

8. New records aren't set weekly during recessions or depressions. Nt

[mahatmakanejeeves]

11. "Tell me how many presidents presided over a declining Dow."

It has happened.

https://www.nasdaq.com/articles/how-the-stock-market-performed-under-each-president

[Yagoberto]

13. I didn't say it hasn't happened

I wanted a number of one category versus the other. President during whose tenure the Dow broke the record at least once, vs president who presided over no record breaking. The last six presidents have broken records and that’s more than six terms because some of those presidents such as Obama and Reagan were elected more than once.

[ms liberty]

9. If we needed any proof the stock market is completely unmoored from the economy,

This would be it.

[LeftinOH]

12. The market was making record gains from 2023 until Biden left office..

..and Republicans insisted that "the stock market is not the economy" -- and that "the stock market does not reflect Americans' lived experience."

Yes, my 401k is doing well. But we are not OK.

[Yagoberto]

14. And record gains under the 5 presidents before Biden

It’s a very unremarkable stat. Newspapers know it, but they know people get thrills when they hear record “.

[roamer65]

15. Sell into strength.