The Dow at 25,000: The bonanza for the oligarchy continues - World Socialist Web Site
▻https://www.wsws.org/en/articles/2018/01/05/pers-j05.html
The surge of the Dow Jones Industrial Average stock index past 25,000 points yesterday marks a further escalation in the speculative binge that has gripped Wall Street and global stock markets over the past year, signifying a massive transfer of wealth to the heights of society.
It took just 23 days for the Dow to jump from 24,000 to its latest milestone, the shortest period between 1,000-point increments in the index’s history.
During 2017, the S&P Global Broad Market Index soared by 22 percent, the biggest increase since the global financial crisis of 2008–2009. This represents a rise of around $9.6 trillion in market value. The FTSE All-World index rose 1.6 percent in December, notching up 14 straight months of gains, the longest such run on record.