Dow Jones Industrial Average hits 40,000 for the first time

This book was published by David Elias in 1999 and he predicted the Dow Jones Industrial Average would "roar through the 40,000 level by the year 2016" (and specifically June 2, 2016). He was off by 50% on the timeline and the 2000-2009 period was a rough one, but he was on the right side of the market. I almost never look at the Dow Jones Industrial Average because it's a relic that's price weighted and only contains 30 stocks. …