Kaboom? Sorry, the Stock Market isn't really at a record high

New York Sun ^ | 12/24/2014 | Seth Lipsky

[American in Israel]

The reason the Dow is so high is the value of the dollar has been decimated by Hussian Obama’s crony bailouts and printing of stimulus money.

When the Zimbabwe effect gets to full steam, the DOW will be in the millions, and it will take a million to buy dinner.

Real financial health is when the Dow is down not up, if they had left the correction in place and not inflated the bubble back up we would be in good shape now. The Dow is vastly over valued at many many time the annual return.

[American in Israel]

gold is not high, tiz down.

[American in Israel]

If millions of Americans would Parish, it would save millions from perishing.

[Leaning Right]

Gold is often used as a benchmark and is much, much more accurate than the jury-rigged government inflation statistics.

True that. But I wonder why there was no comparison to, say, silver or a bushel of corn. And I wonder just how meaningful a gold-Dow comparison really is.

[Theoria]

Fun..

DOW HITS 13,000! BIG DEAL!![2007]

[ckilmer]

Judging by this graph the next thing to happen in the next decade is a big high in stocks and a big low in gold.

[ckilmer]

Judging by this graph the next thing to happen in the next decade is a big high in stocks and a big low in gold.

[ckilmer]

An enormous amount of gold came out of California from the late 1840’s through the 1870’s. Enormous amounts of gold again came out Alaska in the 1880’s-1910. However this graph shows only that gold prices were relatively high during these periods.

So I’m not so sure an apples to apples comparison quite works.

[kjam22]

That phrase “enormous amount” is a bit misleading. If you had all of the gold in all of the world in all of time that has been found..... you could fill about two olympic size swimming pools with it. That’s it.

[Vroomfondel]

450 ... is below ... 350

Excuse me?

[kearnyirish2]

Companies’ stocks soar when they announce layoffs of Americans; why would we rejoice in the “soaring Dow”? It is more indicative of the financial health of Asia’s middle class than ours.

[AZLiberty]

A DOW based on inflating dollars creates illusory gains that enrich the IRS.

[BfloGuy]

True that. But I wonder why there was no comparison to, say, silver or a bushel of corn. And I wonder just how meaningful a gold-Dow comparison really is.

Silver and corn are too much affected by supply. Gold supply doesn't vary much at all from year to year.

[BfloGuy]

True that. But I wonder why there was no comparison to, say, silver or a bushel of corn. And I wonder just how meaningful a gold-Dow compa

For no other reason other than that silver and corn are much more influenced by supply and demand. The quantity of gold doesn't change by more than a per cent or two each year. And it's industrial use is nil.