The Dow's Stock Market Ascent, Much Ado About a Number? | Inc.com

So it was when the Dow Jones Industrials notched 17,000 on a short day of trading Thursday, before the long Fourth of July weekend. The record level of the index, which reflects the combined share price of a basket of 30 blue chip stocks, was a response to strong jobs data, which showed that the unemployment rate had fallen to a six-year low at 6.1 percent.

But I wanted to make sure I wasn't missing anything as the index settled for a second day above 17,000 on Monday. So I chatted with the valuation experts over at Capstone Valuation Services, of New York, to see what they thought about the record index level. Capstone is in the business of valuing private companies, and works closely with businesses and private equity firms that buy and sell businesses.

"Every time you hear about a benchmark like this, people can either say things are going great, while others might say it can't keep going like this," says Bruce Bingham, executive director of Capstone.

Read more at:
The Dow's Stock Market Ascent, Much Ado About a Number? | Inc.com:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.