The Dow Jones Industrial Average, adjusted for inflation, is down 17 percent from its all-time high on January 14, 2000. It would need to rise another 2,378 points to set a new record, adjusted for inflation. It is only when no adjustment is made for inflation that the Dow can be said to have closed at a record high on October 3, 2006, as has been widely reported in the media.
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The purple scorpion
The Dow's unrepresentative anyway. Quoting it is just lazy media reporting.
7 October 2006, 14:47:36 GMT+01:00
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