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Chart of the Day
For some perspective on the long-term performance of the stock market, today's chart presents the Dow priced in another global currency -- gold. Today's chart illustrates how it currently takes approximately 12.9 ounces of gold to 'buy the Dow' (i.e. the Dow / gold ratio) -- well off the 44.8 ounces it took back at its peak in 1999. Priced in gold, the Dow had been in a massive 13-year bear market. However, back in the summer of 2011, gold peaked while the Dow continued to rally. While the Dow (priced in gold) has been rallying since 2011, the Dow (priced in gold) remains well below its 1999 highs.

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
April 23, 2014 - Administrative Professionals Day
April 24, 2014 - Take Our Daughters & Sons to Work Day
April 25, 2014 - Arbor Day
May 01, 2014 - May Day
May 03, 2014 - Kentucky Derby
May 05, 2014 - Cinco de Mayo (Mexico)


Stocks of the Day
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