PLEDGE NOW
Stock Market Highs — Plus: Angelina Jolie’s Cancer Decision

All- time highs in the stock market lately.  We ask why, and whether it says recovery or bubble. Plus: Angelina Jolie’s decision to have a double mastectomy.

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

A board on a trading post on the floor of the New York Stock Exchange shows the Dow Jones industrial average with an intraday number above 15,000, Tuesday, May 7, 2013. (AP)

Last week, the Dow hit numbers we’ve never seen before.  15,000-plus.  The S&P at all-time high stock market numbers, too.

So, what’s going on?  Recovery?  Bubble?  Something else?  Is it all about the Fed?  Millions of Americans have nothing to do with the stock market these days.  But millions do need to save, build a nest egg. So what’s going on on Wall Street?

This hour, On Point:  dissecting the big run-up in stocks, and what it means.

Plus: we will look at superstar actress Angelina Jolie’s decision to have a double mastectomy at 37 to reduce her risk of breast cancer.

- Tom Ashbrook

Guests

Steven Russolillo, covers financial markets for the Wall Street Journal. (@russolillo)

Allen Sinai, chief global economist at Decision Economics.

Michael Pento, president of Pento Portfolio Strategies. Author of “The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.” (@michaelpento)

Closing Segment on Angelina Jolie’s Preventative Mastectomy

Angelina Jolie looks to the media as she leaves a G8 Foreign Ministers meeting on sexual violence against women in London, Thursday, April, 11, 2013. (AP)

Angelina Jolie.(AP)

Dr. Judy Garber, director of the Center for Cancer Genetics and Prevention at the Dana Farber Cancer Institute. Professor of Medicine at Harvard Medical School.

Angelina Jolie’s op-ed in the New York Times: My Medical Choice.

From Tom’s Reading List

The Associated Press: Dow Has Its First Close Above 15,000 Points — “Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.”

The Wall Street Journal: Economic Road Clearing, but the Going is Slow — “After four years of crises, foreign and domestic, that threatened to plunge the U.S. economy back into recession, the road ahead at last looks comparatively free of roadblocks. But progress remains slow, and there is little reason to expect meaningful acceleration in coming months.”

The Washington Post: Why are hedge fund titans so upset about the stock market boom? — “We can argue all day long about whether quantitative easing policies from the world’s central banks are doing much to help the economy. But this much is for darn sure: It is boosting a wide range of financial markets.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Sep 2, 2015
Democratic presidential candidate, former Maryland Gov. Martin O'Malley addresses the summer meeting of the Democratic National Committee, Friday, Aug. 28, 2015, in Minneapolis. (Jim Mone/AP)

We talk to Martin O’Malley, former Maryland governor and now Democratic candidate for the presidency. He’s been tough on Trump – and on his fellow Democrats.

Sep 2, 2015
Actor Wagner Moura as Pablo Escobar, in the Netflix Original Series "Narcos." (Daniel Daza/Netflix via AP)

A new Netflix series “Narcos” takes on the story of the rise of the “King of Cocaine” — Pablo Escobar. We’ll look at drug trafficking then and now.

RECENT
SHOWS
Sep 1, 2015
Oliver Sacks (Elena Seibert)

Oliver Sacks, celebrated neurologist and best-selling author, has died at 82. We’ll listen back to our remarkable 2013 interview with Oliver Sacks on life and aging.

 
Sep 1, 2015
Denali is seen from a window on Air Force One during descent into Anchorage, Alaska on Aug. 31, 2015. (Pete Souza/White House)

The scramble for the Arctic. President Obama’s in Alaska. We’ll look at the stakes.

On Point Blog
On Point Blog
Martin O’Malley On The ‘Rigged’ Democratic Debates, And What America Needs
Wednesday, Sep 2, 2015

Former Baltimore mayor and Democratic Maryland governor Martin O’Malley has single digits in the polls in Iowa but is out there swinging. He joined host Tom Ashbrook on Wednesday.

More »
2 Comments
 
Our Week In The Web: August 28, 2015
Friday, Aug 28, 2015

You say #hashtag, we say, #forwhat? That, plus Usain Bolt and the ominous lurking Segway cameraman. Friday!

More »
Comment
 
Our Week In The Web: August 21, 2015
Friday, Aug 21, 2015

Do you even click? (And other reflections on link sharing and web commenting).

More »
6 Comments