Dow rallies more than 500 points to record, closes above 37,000 for first time (cnbc.com)

After all the pessimism in 2022 about inflation, rate hikes, weakness, etc. it's nuts how fast the market recovered, and now making new highs as if all that old stuff last year a distant memory. Goes to show how it pays to 'hodl'. Not just crypto, but stocks too.

Large companies more than ever are money-printing machines, whether in tech, retail, food, healthcare, etc. And that $ goes to shareholders in the form of dividends, retained earnings, buybacks, etc. To go off on a tangent, people complain about credentialism being an impediment to growth, but it evidently has not hurt big companies. Aggressively screening for degrees seems to be worth it. Same for 'DEI'. It comes down, in the end, to profits, and companies make a lot of it.