My Dearest Moo Moo Cow,
Here is an interesting posting by FSO market commentator, Mr. Tony Allison. DOW 13,000!! Relatively Underwhelming
Mr. Tony Allison highlights the relative value of Dow's 13000.
Relative Value
“Everything is relative” goes the old saying. So how is the Dow doing relative to other measures of value?
Measured in dollars, the Dow has put in a very impressive performance over the past five years.
Measured in euros, the Dow has been improving slowly, but is still not back to 2002 levels.
Measured in gold, the Dow has had a rough ride.
- You're really lovely
Underneath it all
You want to love me
Underneath it all
I'm really lovely
Underneath it all
And you're really lovely
Meanwhile over at FSU Editorial, Peter Schiff made the following remarks, What Record High?
- Despite its recent eclipse of 13,000 the Dow now buys 30% fewer euros than it did then back in 2000 when it was priced at approximately 11,500. It also buys 35% fewer gallons of milk, 40% fewer bushels of corn or wheat, 65% fewer ounces of silver, 70% fewer barrels of oil, 80% fewer pounds of copper, and 90% fewer pounds of uranium. Try figuring what the Dow will buy in terms of other necessities, such as housing, insurance, college tuition or hospitalization. Any way you measure it, the Dow is worth far less today then it was in January of 2000.
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