RealClearMarkets – These Stock Market 'Records' Aren't That Great
The stock market is hitting new records almost daily (it happened again on Friday), but the reality isn’t as rosy as it seems.
When people talk about how the “stock market” is doing, they often look at the S&P 500 index. It’s currently at 1,923, the highest level it has ever been.
There’s just one problem: That record level is in “nominal” terms. It doesn’t account for inflation.
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RealClearMarkets – These Stock Market 'Records' Aren't That Great
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