'morning G,
The chart is just the number of ounces of gold it takes to buy the Dow.
I think the important part is that, irrespective of the Dow pushing up through 11,000 and then 12,000 since 2000 it has fallen substantially when priced in something 'fixed' in real value.
The Dow has dropped > 60% in real value/terms since 2000.
Dow numbers will keep going up as long as they keep printing more currency and making more paper credit available.
As Andros points out -
.... ..... Take a look at the Stock market in Zimbabwe, it is soaring, anyone looking at a chart would believe this is the most vibrant economy and market in the world. Alas, it only signifies the total collapse of purchasing power as domestic currency holders flee the printing presses to get into something that can reprice no matter how much the governments print. .....
Successful traders need not be bothered by the state of the economy - like brokers the good ones can make money in spite of the economy providing their money management is good.
But the rest of the world needs to be concerned over what is being done.
dub
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Last
$63.87 |
Change
-0.190(0.30%) |
Mkt cap ! $12.38B |
Open | High | Low | Value | Volume |
$63.68 | $64.25 | $63.30 | $21.33M | 333.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4959 | $63.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$63.96 | 638 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4959 | 63.860 |
1 | 500 | 63.800 |
2 | 1431 | 63.780 |
1 | 1019 | 63.760 |
2 | 353 | 63.750 |
Price($) | Vol. | No. |
---|---|---|
63.960 | 638 | 1 |
64.000 | 8555 | 2 |
64.040 | 156 | 2 |
64.070 | 659 | 1 |
64.100 | 1784 | 3 |
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