The Dow Reaching 20,000 Is Truly a 'So What?' Moment

I expressed my view of the lack of importance of DJIA 20k yesterday. 

The market accomplishment of the Dow Jones Industrial Average finally hitting 20,000 fills the airtime in the media. However, much like being handed five $20 bills for a $100 bill, the 20k milestone in a relatively narrowly defined index is irrelevant to the markets over any time frame.