The DOW isn't even the whole economy. It's only 30 stocks.
The DOW is down 10.3% just since 2008 began. But the NASDAQ (tech stocks) is down 16.6%, and the much broader market (S&P 500) is down 11.9% for the year.
The funny thing is, gold has gone up about 43% in the last 6 months. Seriously, only 6 MONTHS AGO gold was $680 an ounce. Now it's $973. Do the math!
To any newcomers to Cathinfo that might be reading this: You can look at previous posts (Greater Depression subforum in particular) where I recommended -- again and again -- that people ditch the stock market and buy gold/silver. And that was when it was in the 600's.
Long story short, I was right! But I had to be. It's not a big deal for me to be right about this. If someone throws a brick in the air, am I conceited because I confidently predict that it will fall back to the earth? Not really! Likewise with my prediction about gold in a fiat-currency system.
Matthew