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Tuesday, April 9, 2013

Dow Jones At New All Time Highs - Here's Why

http://www.zerohedge.com/news/2013-04-09/dow-jones-new-all-time-highs-heres-why


NOTICE THAT COMMENT BELOW EXPLAINS DILEMMA PERFECTLY FOR (NEW
NORMAL ON PERCEPTION)..

Most people do not understand real versus nominal returns.
If you have a share of XYZ that is valued at $100, and the value of the dollar decreases by 50%, then the share of XYZ is now valued at $200, eventhough the underlying value of the XYZ company did not change.
Stock indices like the DJIA are measured in dollars.
If we shorten the length of a mile, then Dallas is farther a way, but only in miles.







Dow Jones At New All Time Highs - Here's Why

Tyler Durden's picture
Submitted by Tyler Durden on 04/09/2013 13:36 -0400



Curious why the Dow Jones Industrial Average just hit new all time highs? Here's a partial list of recent economic events:
  • Markit US PMI    Miss
  • ISM Manufacturing    Miss
  • ISM New York    Miss
  • Vehicle Sales    Miss
  • ADP Employment    Miss
  • ISM Services    Miss
  • Challenger Job Cuts     Miss
  • Initial Claims    Miss
  • Trade Balance    Beat
  • Non-Farm Payrolls    Miss
  • Hourly Earnings    Miss
  • NFIB Small Business    Miss
  • Wholesale Inventories    Miss
And that's ignoring the absolute economic collapse in Europe, the Chinese slowdown, and the Japanese economic basketcase.
What is there to even say anymore: Stalingrad 4 Eva! Remember: central planning works.

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Tue, 04/09/2013 - 13:38 | 3427250new agent default
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QE to hell and back.
Tue, 04/09/2013 - 13:38 | 3427261new Pladizow
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I Miss the point?
Tue, 04/09/2013 - 13:42 | 3427282newhedgeless_horseman
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Vote up!
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Most people do not understand real versus nominal returns.
If you have a share of XYZ that is valued at $100, and the value of the dollar decreases by 50%, then the share of XYZ is now valued at $200, eventhough the underlying value of the XYZ company did not change.
Stock indices like the DJIA are measured in dollars.
If we shorten the length of a mile, then Dallas is farther a way, but only in miles.
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