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Why Jim Cramer Doesn't Think Dow 29,000 Is an Important Milestone

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Another day, another all-time high.

Friday, Jan. 10 saw the Dow go over 29,000, which was the first time that it's hit that high.

Jim Cramer was live on the floor with TheStreet when the Dow crossed 29,000.

When asked whether or not this milestone is important, Cramer responded, "no."

"So, two reasons why. One, the Dow's not that important and the second, it's not a number that is...Wait till 30,000. 30,000 might be talked about. It might be on the front page of the paper. Not this number. By the way, at a certain point hate him or like him either. You can have to say, you know what, Trump helped the averages go up. The odd thing is that the sector that is not being helped is oil because he's made it so oils deregulated to the point where oil so plentiful, it can't rally. But there's going to be an attempt I think by the president to relate the averages to the average person," said Cramer. 

Watch the full video above for more. 

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