There are those who would have you believe the fact that the DOW is only 200 points from its all-time high!
The truth of the matter is that the old all-time-high of the market was at 11,723 but that was in January 2000...in January 2000 dollars. If you use an inflation calculator you will see that works out to 13,785 without taking into account another 2% for the inflation this year. In other words we'd have to hit approximately a Dow of14,000 to truly make an new high.
One has to ask themselves what the agenda is for the media to misrepresent the situation. As I mentioned here only last month.
The DOW at 11,700 still only equals 17 oz gold, whereas Dow 11,700 in Y2K was equal to 46 oz.
Now ask yourself which investment preserved one's wealth better over the last 5 years.
