The Deflated Dow-Jones …posted 3/1/09

The Dow was down 11.7% in February, the 3rd worst ever, after the worst January (-8.8%) on record.

Depressingly and amazingly Chart of the Day points out that in inflation-adjusted terms the Dow is only 55% above its 1929 peak, and only 10% better than the 1966 high. (click on chart to enlarge)

inflatiionadjusteddow1

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