What Does the Dow Really Measure?
• The Daily Bell Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sense. After adjusting for inflation, the Dow was higher in 2000 than it is today. It was also higher in 2007. It would need to rise another 10 percent or so to hit an all time high in real (i.e., inflation-adjusted) terms. – Planet Money/NPR
Dominant Social Theme: The recovery is humming along.
Free-Market Analysis: As we mentioned in another article, today, the US is increasingly operating as a two-track society and simply observing the price of the Dow Jones Industrial Average does little to enlighten us about the real health of the US economy.
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