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Topic: 2013-03-07 Daily Reckoning - The Dow Hits Procrustean Record (Read 1431 times)

legendary
Activity: 1288
Merit: 1080
Quote
Or, to switch metaphors, it's easy to declare yourself a giant when you shave 97% off the value of a meter. Measurements matter, in other words.

I can't help thinking this guy may have been hanging around here, possibly reading a post where I made a similar analogy
sr. member
Activity: 476
Merit: 250
http://www.dailyreckoning.com.au/the-dow-hits-procrustean-record/2013/03/07/

Quote
Tellingly, US stocks are NOT at an all-time high in terms of gold...or oil...or virtually any other commodity of real world value. They are, however, at an all-time low...adjusted for bitcoin.
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