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re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today

Posted on 1/19/24 at 8:42 pm to
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
8101 posts
Posted on 1/19/24 at 8:42 pm to
quote:

Why do you do this in every thread like this?



Why do you ignore this in every thread like this. Are you really trying to tell us that a dollar has anywhere close to the same purchasing power that it did at the end of 2020? Because if you believe that then I really don't know what to say.

Are the prices of stocks up? Absolutely. So are the prices of the food I have to buy, restaurant meals, insurance, rent, etc. See how this works?
Posted by lynxcat
Member since Jan 2008
24265 posts
Posted on 1/19/24 at 9:03 pm to
quote:

See how this works?


The other poster already noted that the SP500 outpaced CPI over the same time period.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 1/19/24 at 10:22 pm to
quote:

Are the prices of stocks up? Absolutely. So are the prices of the food I have to buy, restaurant meals, insurance, rent, etc. See how this works?


So is your paycheck. What’s your point?
Posted by castorinho
13623 posts
Member since Nov 2010
82099 posts
Posted on 1/20/24 at 12:06 am to
quote:

Why do you ignore this in every thread like this.
huh? He addressed it
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