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Chart of the Day
As the stock market continues to trade in all-time record territory, today's chart provides some perspective by illustrating the inflation-adjusted Dow since 1900 -- there are several points of interest. For one, while all major US stock market indices trade well within record territory, when adjusted for inflation, the story changes. For example, the inflation-adjusted Dow still trades below both its 1999 and 2007 peaks -- albeit not by much (only 0.3% below its 2007 pre financial crisis peak and 2.7% below its 1999 all-time, inflation-adjusted record high). Another point of interest is how the inflation-adjusted Dow has not spent much time above the low 15,000 level (see red dashed line).

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
"The best way to keep money in perspective is to have some." - Louis Rukeyser

Events of the Day
August 05, 2013 - PGA Championship begins (ends August 11th)

Stocks of the Day
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