Anyone who thinks that the market is in a bull run right now must have slept through econ 101. Graph it in inflation-adjusted dollars and see what you think. Remember that a dollar now is worth a whole lot less than it was 5 years ago. Of course I’m sure USA Today will have a giant headline proclaiming “DOW HITS RECORD OF 15000!” in a few years when gas is $6/gallon and a dollar is only worth 0.50 euros…
