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Friday, October 23, 2009

10,000 is the new 7,500!

[W]hen adjusted for inflation, the bear market that concluded in the early 1980s was almost as severe as the one that concluded in the early 1930s. Also, the inflation-adjusted Dow is now a little more than double where it was at its 1929 peak and trades a mere 51% above its 1966 peak – not that spectacular of a performance considering the time frames involved. It is also interesting to note that the Dow is up 54% from its March 9, 2009 low which is actually slightly more than what the inflation-adjusted Dow gained from its 1966 peak to today. . . .

--from Chart of the Day

For comparison, here is the unadjusted chart of the Dow (note that the time scales on the two charts are different):



--from Chart of the Day

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