08 October 2010

DJIA Over 11k! Really down 10% Since May's Similar 11K High

No linking in this post, just a quick hitter.  We've crossed the 11k mark on the Dow Jones Industrial Average for the first time since May!  YAY!  That's terrific!  We should pop the champagne corks and throw a big party!  Except, hold the phone, the dollar lost 10% from about mid-August until the end of September.  So, if you paid $100 for a stock in May, watched it sink, and then go back up to $110 bucks, did you gain anything?

I didn't think so either.

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