S&P 500 = 1,597

April is officially on the books. Today was the 16th-straight Tuesday rally for the Dow. The S&P 500 closed today at 1,597.57 which is another all-time high close. The index is now up 12.02% for the year, and including dividends, it’s up 12.74%.

However, the index is still very far from an inflation-adjusted new high. On March 23rd, 2000, the S&P 500 closed at 1,527.35. It actually rose 0.11 the next day but that little gain was just slightly below the inflation rate for March.

We don’t have the inflation numbers yet for April, but if we assume an inflation rate of 0.1%, the S&P 500 would have to be 2,083.15 to match the inflation-adjusted high from 13 years ago. That’s another 30.4% from here.

Posted by on April 30th, 2013 at 10:39 pm

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