Inflation adjusted S&P 500

There has been a lot of talk about the markets hitting 12 year lows. We are in pretty uncharted territory here. If you haven't already seen it, watch John Stewart completely dismantle CNBC. Pay extra attention to the analysts predicting the worst was over time and time again.

http://www.businessinsider.com/jon-stewart-rips-on-cnbc-rick-santelli-2009-3

So, 12 year lows are bad. The last time the Dow was at 6,500 I was having my Bar Mitzvah and my voice was still cracking at the most inopportune times. But here's a better representation of why this is called the financial apocalypse, or as Mr. Buffet said today, "It's fallen off a cliff."

The graph comes from Crossing Wall Street http://www.crossingwallstreet.com/archives/2009/03/43_years_of_no.html. It does a great job simply showing where the market sits today. It shows the Dow at 1963 levels. Sounds a little worse than 12 year lows doesn't it!