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Big news: The Dow closed at a new record high today of 12,815.38. Yeehaw and all that.
Except that, when you adjust for inflation (and investing is all about adjusting for inflation), the Dow is still nowhere near the highs of 2000. I’d make a chart for you, but I’m sitting in a D.C. hotel room at the moment and need to run soon. If you’re really interested, take a look at this Chart of the Day from a few days back.
[The article was updated at 12:20 pm on 5/16/12.]
Prom night is almost here for Facebook and its suitors. Here’s a program to the biggest high technology initial public offering ever, and what you should know:
MADRID — Spain‘s prime minister warned Wednesday that the country faced the danger of being locked out of international markets as investors continued to fret about the future of the euro and Greece’s place in the 17-country eurozone.
“Right now there is a serious risk that (investors) will not lend us money or they will do so at an astronomical rate,” Mariano Rajoy told Spanish lawmakers.
