This week's chart is our recommendation to mainstream media to "get real."On Wednesday, the Dow Industrials climbed over 10,000 for the first time in a year. The rise caused all the major media outlooks to wet their pants and splash it across their papers and websites.
DailyWealth readers know it's a ridiculous exercise. They know the smart investor doesn't pay much attention to the nominal price of stocks. The smart investor measures such things in "real money" terms: in terms of gold. As you can see from this week's chart, in terms of gold, the Dow hasn't done squat this year. The U.S. dollar's plunge has wiped out the real purchasing power of stock gains.
Sure, there are lots of dollars flowing into stocks right now... but the yahoos running the controls in Washington D.C. are making those dollars worth less and less every day.
Dow 10,000? Who cares?
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