Adjusted for inflation, the current stock market hasn’t recovered nearly as much as it seems if you look at only nominal prices. At best, you’ve gained just 3.6%. But more likely, you’re down by some 23%. And if you measure the Dow in something other than dollars — say, oil or silver — the return is even more distressing.
Continue reading Why Dow 11,000 Is Worth a Lot Less Now Than in 2001
Why Dow 11,000 Is Worth a Lot Less Now Than in 2001 originally appeared on DailyFinance on Fri, 12 Nov 2010 10:30:00.
Filed Under: Columns, Investing, Streetwise