Updated: Dec 13, 2019
he Dow rose 300 points on the first day of November, and finished above the 28000 mark for the first time in history on November 15th. On the last trading day of November the Dow stood at 28051. Last month I wrote that since 1950 this is the 16th time out of the last 69 years that the Dow and the S&P 500 have gained more than 15% during the first 10 months of the year. And every time before, that’s every single time the Dow and the S&P 500 have gained at least 15% through October 31st, they have gone on to make an even higher gain by the end of the year. If November is any indication, we are on our way to a great year. In November alone, the Dow was up 3.72%, the S&P 500 was up 3.39%, the NASDAQ was up 4.5% and the Russell 2000 (this is an index that represents the movement of smaller companies), was up just over 4%. Through the first 11 months of 2019 the Dow is up 20%, the S&P 500 is up 25%, the NASDAQ is up a whopping 30% and the Russell 2000 has gained over 20% so far in 2019. While it is quite possible that something could happen that would cause the stock market to suddenly fall out of bed, like a nuclear attack or a massive terrorist invasion in America, at this point, and lacking a horrific event, it looks like 2019 may be the 16th time since 1950 that the market has gone on to finish higher after gaining at least 15% through October.