Friday, June 1, 2007

Yikes!


What do record highs in the Dow and S&P really mean for investors? Well, that depends on your perspective. The S&P may be high on dollars, but look at it against the euro or the pound. If you’re an investor from Europe, you’ve gotten crushed over the last four years…
Notice too what the S&P has done against houses, gold, oil… or even corn. Oy vey. These record highs are great for the financial media. We cribbed this chart, BTW, from The New York Times.

No comments: