Saturday 7 October 2006

The markets are booming

Or are they?
The Dow Jones Industrial Average, adjusted for inflation, is down 17 percent from its all-time high on January 14, 2000.[1] 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.

1 comment:

David Farrer said...

Comment made on previous template:

The purple scorpion
The Dow's unrepresentative anyway. Quoting it is just lazy media reporting.

7 October 2006, 14:47:36 GMT+01:00