Dow Hovers Near 20,000: How Big a Deal Is It?

The transcript discusses market trends following Trump's election, focusing on the financial sector's bullish outlook due to expected deregulation and higher interest rates. It highlights Ray Dalio's concept of 'animal spirits' driving market exuberance, which may lead to disappointments if Trump's policies don't materialize. The Dow 10,000 milestone is analyzed, noting its historical significance and the influence of individual stocks like Goldman Sachs. Despite recent terror attacks, markets remain resilient, reflecting a willingness to embrace risk.

What was the significance of the Dow reaching 20,000 according to the discussion?

How did recent terrorist attacks impact market reactions as per the text?