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Politics : PRESIDENT GEORGE W. BUSH
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To: longnshort who wrote (763720)7/23/2007 1:31:05 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
Re: "DOW 14000"

DOW components don't represent the over-all market, or our economy, very well (& haven't for many decades). Too small to be representative... then there is the fact that the 'losers' get dropped from the index... making for a 'rubber ruler' effect.

In real terms (adjusted for inflation's ravages), the S&P 500 is still down some 17% from when Bush first assumed the Presidency... while the cost of a loaf of bread is up 33%.

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