Wednesday, October 14

DOW at 10000? Whoop Tee Doo

The Dow Jones Industrial Average closed above 10,000 today for the first time in a while. It first crossed the 10,000 in 2000.

What does "Dow 10000" mean today?

In 2000, you'd need more than 30 ounces of gold to buy the Dow. Today, you'd need less than 10 ounces.

In 2000, your dollar would buy almost 30% more than it will today. (Check out the Bureau of Labor Statistics Inflation Calculator linked here on my site.) That's what inflation does to you.

In other words, the Dow at 10,000 today is equivalent to the Dow at about 7500 in 2000.

Whoop Tee Freakin' Doo.

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