adjust all the prices in the average for inflation and splits and reverse splits and see what it would be in 1970s terms. That'd be a fun exercise
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I’m reading “Den of Thieves” now and they mentioned the 500 point drop of Black Monday and I was like “meh”. It’s way different when framed as a ~22% drop
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The DOW is a practically meaningless formula that has changed over time so I don’t think comparing the index between two years really means all that much
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compound
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I think not even Dow Jones really knows what the Dow measures.
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