The Dow’s so-called record

  • Share
  • Read Later

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.