Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
For those who are "nervous" that we finally reached/passed the old market index record...
http://www.nytimes.com/2013/03/10/b...ts-effects-on-the-economy.html?pagewanted=allFor example, why is a record high in the United States stock market a reason for optimism? Nothing is remarkable about reaching a market record: the S.& P. Composite Index has done it 1,007 times, based on daily closes, since the beginning of 1928. That’s about once every 23 trading days, on average, though the new records tend to come in bunches.
The important fact is that we haven’t set a nominal stock-market record in six years. And we haven’t set one in 13 years if we use the inflation-corrected S.& P. Composite total-return index. That this index may be about to set a record means only that we haven’t made any real money in the stock market in 13 years, which hardly seems a reason for confidence.