01-06-2010, 10:33 AM
Believe me, I'm on your page--I've just been drawn into a silly side argument. The Dow in gold/nominal terms has not looked so prosperous. As well, the Dow is a poor measure of the US economy anyhow, as it's comprised of such giant companies it's more reflective of a global index than the US. A lot of the rally/or valuation in the Dow is accounted by the relative value of the dollar. That of course is another issue. Hawaii however, is strongly influenced by the yen also--I'd be interested to know figures that could quantify that, but I suspect it's pretty high. Muddies the picture locally a bit but not necessarily in a bad way.
http://sensiblesimplicity.lefora.com/
http://sensiblesimplicity.lefora.com/