DJIA Closes Above 11,000

A lot of people were excited today that the DJIA closed above 11,000, more specifically 11,006.48.  Now, let me put this in perspective.  Ten years ago, the DJIA stood at 11,000.  Therefore, the DJIA over the past ten years has done nothing!  I, for one, can not get too excited about the DJIA being dead in the water for ten years.  As an investor, it has been a loss decade.  Now, let's go one step forward and look at what the DJIA should be today if it just kept pace with inflation over the past ten years.  Are you ready?  Based on inflation, it should be 14,041.92,  or 27.57% higher than what it is today.  If you don't believe me or want proof, run the numbers yourself at The Federal Reserve Bank of Minneapolis.