|How is the stock market performing? It all depends on how you measure. When measured in US dollars, the Dow currently trades approximately 28% below its all-time record high. However, when measured with that other world currency (gold), the picture is even more bleak. To help illustrate the point, today's chart presents the Dow divided by the price of one ounce of gold. This results in what is referred to as the Dow / gold ratio or the cost of the Dow in ounces of gold. For example, it currently takes 8.5 ounces of gold to "buy the Dow." This is considerably less that the 44.8 ounces back in the year 1999. When priced in gold, the US stock market has been in a severe bear market for the entire 21st century.Notes:
- Where's the Dow headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold." - James Grant
Events of the DayMay 24, 2010 - Victoria Day (Canada)
May 30, 2010 - French Open tennis tournament begins (ends June 7th) - Indianapolis 500
May 31, 2010 - Memorial Day (observed)
June 03, 2010 - NBA Finals begin
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
-- Which stocks are making big money? Find out with the biggest stock gainers today.
-- What are the largest companies? Find out with the largest companies by market cap.
-- Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.
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