Pretty much. According the the BLS CPI calculator, the Dow needs to reach about 13,900 to catch up to its Jan 14, 2000 high of 11,722.98.
Pretty much. According the the BLS CPI calculator, the Dow needs to reach about 13,900 to catch up to its Jan 14, 2000 high of 11,722.98.Originally posted by: Ldir
Am I reading that right that 13,704 is the break-even point after inflation? If so we have a ways to go. It is still under 12,000 today.Originally posted by: fitzov
why? according to inflation-adjusted figures, the dow is smaller than in 2000.Originally posted by: jrenz
It is a big deal.Originally posted by: fitzov
Big deal. It grew from its high point from five years ago.
http://home.earthlink.net/~intelligentbear/com-dj-infl.htm
And when it gets to 13,900, it will finally be back to where we started (in inflation-adjusted dollars) almost seven years ago. It's good to see the Dow recovering, but let's keep it in context.Originally posted by: Schadenfroh
Time for the march to 13,000!
Damn, hope it stays this way till friday, going to visit my broker when I get back home and dump some stock.
Originally posted by: Bowfinger
And when it gets to 13,900, it will finally be back to where we started (in inflation-adjusted dollars) almost seven years ago. It's good to see the Dow recovering, but let's keep it in context.Originally posted by: Schadenfroh
Time for the march to 13,000!
Damn, hope it stays this way till friday, going to visit my broker when I get back home and dump some stock.
I think this is worth highlighting since ProfTLC continues to avoid this thread while parroting his misdirection about "record highs" in others (record high Dow, record high federal tax revenue, etc.). He continues to misrepresent his cherry-picked stats, then abandons the threads when refuted.
Why don't you actually read the thread, just for the sheer novelty of it? The claim was that the Dow has exceeded it's previous record high which occurred in January, 2000. When one adjusts for inflation since that high, however, we are not yet back where we started. That's a simple fact, whether you can understand it or not. Feel free to remove your foot from your mouth now.Originally posted by: Genx87
Picking an arbritary date and applying inflation to it is as cherry picked as you get.Originally posted by: Bowfinger
And when it gets to 13,900, it will finally be back to where we started (in inflation-adjusted dollars) almost seven years ago. It's good to see the Dow recovering, but let's keep it in context.Originally posted by: Schadenfroh
Time for the march to 13,000!
Damn, hope it stays this way till friday, going to visit my broker when I get back home and dump some stock.
I think this is worth highlighting since ProfTLC continues to avoid this thread while parroting his misdirection about "record highs" in others (record high Dow, record high federal tax revenue, etc.). He continues to misrepresent his cherry-picked stats, then abandons the threads when refuted.
Where should we be from the first day the Dow opened to today inflation wise?
If the market really mimicked monetary inflation, something I dont think it does due to adds and subtractions from the group and the way they calculate.
Opening day point total was 40.96 on May 26th 1896.
110 years later at an avg of 4% inflation rate = 3300
@5% = 9900
@6% = 26000
I dont know what our avg rate of inflation has been since 1896. I am guessing around 4-5% over that time span, but it could be higher or lower.
So the libs have a decision to make. Do they low ball it and make Bush look good, or high ball it and blow their own argument?
Originally posted by: Bowfinger
Why don't you actually read the thread, just for the sheer novelty of it? The claim was that the Dow has exceeded it's previous record high which occurred in January, 2000. When one adjusts for inflation since that high, however, we are not yet back where we started. That's a simple fact, whether you can understand it or not. Feel free to remove your foot from your mouth now.Originally posted by: Genx87
Picking an arbritary date and applying inflation to it is as cherry picked as you get.Originally posted by: Bowfinger
And when it gets to 13,900, it will finally be back to where we started (in inflation-adjusted dollars) almost seven years ago. It's good to see the Dow recovering, but let's keep it in context.Originally posted by: Schadenfroh
Time for the march to 13,000!
Damn, hope it stays this way till friday, going to visit my broker when I get back home and dump some stock.
I think this is worth highlighting since ProfTLC continues to avoid this thread while parroting his misdirection about "record highs" in others (record high Dow, record high federal tax revenue, etc.). He continues to misrepresent his cherry-picked stats, then abandons the threads when refuted.
Where should we be from the first day the Dow opened to today inflation wise?
If the market really mimicked monetary inflation, something I dont think it does due to adds and subtractions from the group and the way they calculate.
Opening day point total was 40.96 on May 26th 1896.
110 years later at an avg of 4% inflation rate = 3300
@5% = 9900
@6% = 26000
I dont know what our avg rate of inflation has been since 1896. I am guessing around 4-5% over that time span, but it could be higher or lower.
So the libs have a decision to make. Do they low ball it and make Bush look good, or high ball it and blow their own argument?
First, it's not like "pissing into the wind". It's like comparing apples to apples.Originally posted by: Genx87
Because adjusting for inflation is silly. The markets of the late 1990s were ridiculously over priced. They crashed, we have now beat the previous record.Originally posted by: Bowfinger
Why don't you actually read the thread, just for the sheer novelty of it? The claim was that the Dow has exceeded it's previous record high which occurred in January, 2000. When one adjusts for inflation since that high, however, we are not yet back where we started. That's a simple fact, whether you can understand it or not. Feel free to remove your foot from your mouth now.Originally posted by: Genx87
Picking an arbritary date and applying inflation to it is as cherry picked as you get.
Where should we be from the first day the Dow opened to today inflation wise?
If the market really mimicked monetary inflation, something I dont think it does due to adds and subtractions from the group and the way they calculate.
Opening day point total was 40.96 on May 26th 1896.
110 years later at an avg of 4% inflation rate = 3300
@5% = 9900
@6% = 26000
I dont know what our avg rate of inflation has been since 1896. I am guessing around 4-5% over that time span, but it could be higher or lower.
So the libs have a decision to make. Do they low ball it and make Bush look good, or high ball it and blow their own argument?
Throwing out the old inflation argument is like pissing into the wind.
Originally posted by: Pens1566
Kind of like cherry-picking the # of jobs created since 2003, eh???
Originally posted by: Genx87
Because adjusting for inflation is silly.
Throwing out the old inflation argument is like pissing into the wind.
Picking an arbritary date and applying inflation to it is as cherry picked as you get.
Originally posted by: jrenz
I hope the rest of my rich republican fat cat brothers are making money as well
Who wants to go on a yatch buying spree later? We can take my H2 down to the lot.
Originally posted by: Naustica
No one cares about the Dow except for the talking heads and Dow Diamonds traders.
Originally posted by: Naustica
No one cares about the Dow except for the talking heads and Dow Diamonds traders.
Originally posted by: senseamp
I don't see what the big hoopla is. This is not even close to record Dow high when adjusted for inflation.
http://mediamatters.org/static/images/item/dowinflation.jpg
Anyways, this is not going to save the GOP, no matter how much CNBC or FOX wishes it will because one of the reasons companies are making record profits are that they are cutting wages and benefits for their workers, or hiking up prices, or sending their jobs overseas. This is not a tide that lifts all boats like it was during Clinton, so it won't help Bush. Republicans are toast.
Originally posted by: charrison
Originally posted by: senseamp
I don't see what the big hoopla is. This is not even close to record Dow high when adjusted for inflation.
http://mediamatters.org/static/images/item/dowinflation.jpg
Anyways, this is not going to save the GOP, no matter how much CNBC or FOX wishes it will because one of the reasons companies are making record profits are that they are cutting wages and benefits for their workers, or hiking up prices, or sending their jobs overseas. This is not a tide that lifts all boats like it was during Clinton, so it won't help Bush. Republicans are toast.
Yes a nice record high followed by the air being let of the bubble. Should adjust for inflation at the top of the bubble(11,700) or from the bottom when all the air was let out(7500). I think most reasonable can agree 11,700 was nothing more than irrational exuberance at the time.
The market has had very good growth since it hit bottom.
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
I don't see what the big hoopla is. This is not even close to record Dow high when adjusted for inflation.
http://mediamatters.org/static/images/item/dowinflation.jpg
Anyways, this is not going to save the GOP, no matter how much CNBC or FOX wishes it will because one of the reasons companies are making record profits are that they are cutting wages and benefits for their workers, or hiking up prices, or sending their jobs overseas. This is not a tide that lifts all boats like it was during Clinton, so it won't help Bush. Republicans are toast.
Yes a nice record high followed by the air being let of the bubble. Should adjust for inflation at the top of the bubble(11,700) or from the bottom when all the air was let out(7500). I think most reasonable can agree 11,700 was nothing more than irrational exuberance at the time.
The market has had very good growth since it hit bottom.
What Bubble would that be? That was Nasdaq, not Dow.
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
I don't see what the big hoopla is. This is not even close to record Dow high when adjusted for inflation.
http://mediamatters.org/static/images/item/dowinflation.jpg
Anyways, this is not going to save the GOP, no matter how much CNBC or FOX wishes it will because one of the reasons companies are making record profits are that they are cutting wages and benefits for their workers, or hiking up prices, or sending their jobs overseas. This is not a tide that lifts all boats like it was during Clinton, so it won't help Bush. Republicans are toast.
Yes a nice record high followed by the air being let of the bubble. Should adjust for inflation at the top of the bubble(11,700) or from the bottom when all the air was let out(7500). I think most reasonable can agree 11,700 was nothing more than irrational exuberance at the time.
The market has had very good growth since it hit bottom.
What Bubble would that be? That was Nasdaq, not Dow.
Both the DOW and Nas had a bubble. The nas bubble was far bigger as it was more tech heavy. IF the dow was not in a bubble, why did it drop from 12500 to 7500?
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
I don't see what the big hoopla is. This is not even close to record Dow high when adjusted for inflation.
http://mediamatters.org/static/images/item/dowinflation.jpg
Anyways, this is not going to save the GOP, no matter how much CNBC or FOX wishes it will because one of the reasons companies are making record profits are that they are cutting wages and benefits for their workers, or hiking up prices, or sending their jobs overseas. This is not a tide that lifts all boats like it was during Clinton, so it won't help Bush. Republicans are toast.
Yes a nice record high followed by the air being let of the bubble. Should adjust for inflation at the top of the bubble(11,700) or from the bottom when all the air was let out(7500). I think most reasonable can agree 11,700 was nothing more than irrational exuberance at the time.
The market has had very good growth since it hit bottom.
What Bubble would that be? That was Nasdaq, not Dow.
Both the DOW and Nas had a bubble. The nas bubble was far bigger as it was more tech heavy. IF the dow was not in a bubble, why did it drop from 12500 to 7500?
Because of slower economic growth under Dubya. Duh!