I’m a bit behind, being just back from a trip. Apologies if some of the posts I’m replying to are a bit stale.
Plus, even people who pay not attention to investing know what the Dow is.
Right. And a good earner and saver can ultimately save himself into a much higher marginal rate on his 401k money than he’d pay LTCG on other savings.
IMO, the only option is the Euro, but until and unless they cease having 27 different economies, monetary policies, and bond markets, it won’t ever be large and stable enough. A US bond is the whole of the US. For the most part, an EU bond is a German bond. Or a Greek bond. Or a Cypriot bond.
In my opinion, no. The richest 100 people in the world are worth about $10 trillion. The market cap of the S&P 500 is about $50 trillion.