For only the tenth time in its entire history the DJIA moved beyond the 14000 mark. Of course this creates tremedous exhiliration. But the but being that these previous closes above 14000 occurred at the last market top, back in 2007. Indeed, its very highest close 14164.53 came at the very top, October 9,2007.
Thus we raise the same caution as a few days ago, when the S&P500 closed above 1500 for the first time ever.
DJIA 1.08 percent
NASDAQ 1.18 percent
S&P500 1.01 percent