Dow Jones Industrial Average just cracked 11,800 for first time ever

Market Watch ^ | 10-0406

[caresistance]

Thanks for having the courage to post the reality of our nations pending insolvency. The true believer bots will flame away, but there is confirmation of your beliefs every day. Today....Bernanke's speech(notice old Clinton stooge Vernon Jordan reading the questions) regarding the impending entitlement meltdown. Smoke and mirrors with Clinton, same with Bush, they are all global elitists, with no concern for the average citizen. We are a far cry from the days of our founding fathers.

[WoofDog123]

actually more fair to say I think the djia is a public-consumption average, and if a person wants to take a serious look at the state of the blue-chip market they might consider the s&p 100 or 500 depending on min. market cap they consider of interest.

while the dow utilities and transport deal with sectors narrow enough to have some accurate reflection in their indices, djia as an overall market proxy (which is what it is treated as by the general public) is dubious.

inflation is something I think should be taken into account when looking at averages over any period of time if the average is, say, based on a product priced in dollars.

[WoofDog123]

re account for dividends paid, I agree fully. It isn't done, unfortunately. that would offest some (not all) of the inflation impact.

[Dick Bachert]

Thanks for giving a damn - and the courage to express it in a forum disproportionately populated by authority worshipping Bushbots and economic ignoramuses.

When the game ends, my fervent wish is that those are the folks who suffer first and most painfully for their ignorance and indolence.

Many of them remind me of the fellow I approached with a small pamphlet at a public gathering a few years ago. The tract explained some of these problems and offered solutions. He recoiled and asked "What is that?" I smiled and -- thinking on my feet for once in my life -- replied "It explains the difference between ignorance and apathy." He came back with -- and I swear on my father's grave that this is exactly what he said -- "I DON'T KNOW AND DON'T CARE!" It was the old joke on that topic come to life!!

He hurried away and I didn't know whether to laugh or cry.

It's kinda like that in here sometimes...

Thanks for renewing my faith in at least SOME of the Freepers.

Be safe.