43 Years Of No Real Gains

Adjusting for inflation, the Dow is basically where it was in 1966.

This doesn’t include dividends.

From February 9, 1966 to yesterday’s close, the Dow gained 562.7%. The CPI from February 1966 to January 2009 (we’ll get February’s report on March 18) rose 559.8%.

That works out to a real gain of 43 basis points stretched out over 43 years.

Oh…and we’re down today.

Posted by Eddy Elfenbein on March 6th, 2009 at 12:57 pm

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