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Dow index crosses 13,000 - we are now all rich!
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So, the DOW is now at an all-time high of 13,090. What does this mean to investors in practical terms?
Had we bought into the Dow back on Jan 2002 at 10073, we would now be 30% up on our investment, right?
Well, not exactly - the Dow is measured in USD terms, and the US$ has been in major dive in real terms.
Charts & more here.
jose '-)
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Dow index crosses 13,000 - we are now all rich!
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