purchasing power

Why Dow 11,000 Is Worth a Lot Less Now Than in 2001

When adjusted for inflation, the current stock market hasn't recovered nearly as much as it seems if look at only nominal prices. At best (reinvesting all dividends from a "share" of the 2001 Dow), you've gained 3.6%. Otherwise, you're down by some 23%.

All Dow 10,000s Aren't Created Equal

It's no wonder stock market cheerleaders don't want us to look at 2009's Dow 10K in terms of our purchasing power: The results are sobering. For example, 1999's Dow 10K bought 8,300 gallons of gasoline, but 2009's version is worth only 4,000.