The Dow Sucked Today. Really.

So you think the Dow had a great day today, the best in ages? The headlines agree with you, with banners everywhere trumpeting huge gains. But to one way of thinking they’re wrong, at least when you get outside the box of thinking only about U.S. markets.

Why? Consider the following table ranking major markets around the world in terms of their gains today. The Dow? It ranked dead last, barely beaten by the Nasdaq Composite and the S&P 500.