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It makes no sense to inflation adjust the DJIA price index. Because the index discards cash dividends, by adjusting for inflation but not dividends you're endin
by mortehu 10y ago
It makes no sense to inflation adjust the DJIA price index. Because the index discards cash dividends, by adjusting for inflation but not dividends you're ending up even further from the real returns of a DJIA portfolio then you were before.
The same goes for S&P 500.
- loafa 10y agoA better and more meaningful question than whether the Dow is at an all-time high is whether the US economy is at its all-time largest. And it is. It usually is, in fact, and when it's not it means things are going very badly. But hey, nobody thinks Dow 20000 is anything but an arbitrary milestone. I don't know why people want to shit on it like people standing around at NYE parties loudly pointing out the arbitrariness of the celebration.