It really doesn't matter if the DOW is at 12,700 if we've had massive inflation in EVERYTHING for many years now.
http://goldsilver.com/the_dow_is_crashing.phpThe short version: If the DOW was even holding steady compared with the year 2000, it would have to be at 15,000 right now! But it's not.
It's actually crashing, but the dollar is losing value at the same time -- which means the price of everything -- including stocks -- is increasing.
Matthew