DOW Still 11% Away From All Time Highs Adjusted for Inflation

“The Dow Jones industrial average rose to a new all-time high Tuesday … sort of.

The record that everyone is talking about is in nominal terms and doesn’t take into account the impact of inflation, which has increased more than 10% during the past five years, according to the government’s Consumer Price Index (CPI).

If you factor that in, the blue chip index is actually still about 11% below its all-time inflation adjusted high, which was set in January 2000, according to data from Ned Davis Research. And it’s still about 9% below the level it was at in October 2007….”

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