'morning,Re the Dow reaching an all-time high ... from today's...

  1. dub
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    'morning,

    Re the Dow reaching an all-time high ... from today's Urban Survival -

    "Dow: Record or Wreck?

    I wrote to you last week in some detail about how NOT to be conned into believing the stock market is at new all time highs. It may be worth rereading the reason why inflation since the previous all time high (ATH) in January of 2000 means an equivalent ATH today of 13,785 using the government's own - possibly understated - inflation figures and ignoring year-to-date inflation for 2006. A real all time high today - on a purchasing power basis - would be north of 14,200. ....
    "

    dub

 
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