Yes, the dow is a flawed index. That said, the S&P 500 & Russell 1000 are also at all time highs. https://www.google.com/finance?q=INDEXSP%3A.INX&ei=6-KIWNi7K

Yes, the dow is a flawed index. That said, the S&P 500 & Russell 1000 are also at all time highs. https://www.google.com/finance?q=INDEXSP%3A.INX&ei=6-KIWNi7KIeejAHlwZq4Cw https://www.google.com/finance?q=INDEXSP%3A.INX&ei=6-KIWNi7K... https://www.google.com/finance?q=INDEXRUSSELL%3ARUI&ei=8eKIWJnQNof7jAG74ar4Cw https://www.google.com/finance?q=INDEXRUSSELL%3ARUI&ei=8eKIW... None of these data points mean anything on their own. People that look at a chart a conclude anything at all are not doing enough analysis.