A Record For Record Highs

As long as the Dow closes above 24,585.43 today, it will mark the index’s 69th record closing high of the year, and that would tie 2017 with 1995 for the record of most record closes in a given year. The chart below shows the annual number of record closing highs for the Dow going back to 1900.In the last 117 years, there have only been two other years (1925 and 1995) where the index saw more than 60 record highs in a given year.If you are a bull, you have to like the fact that even though those years saw big gains, the year after was also positive.In 1926, the DJIA was essentially flat (+0.35%), but in 1996, the Dow rallied another 26%.