This post from Jim Cramer's blog originally appeared Feb. 21 at 11:55 a.m. ET on RealMoney.NEW YORK ( RealMoney) -- Does Dow 13,000 matter? You bet it can. I hear tons of people talk about how what matters is the S&P 500 and taking out the April high of last year. Sure, I would love that. It would break the double top pattern, and investment professionals know that the S&P is what matters, not the Dow, because it is a much broader gauge of the stock market. When I ran money, I led every performance letter with how I did against the S&P. When I compare how my charitable trust is doing, I always match it against the S&P.
Cramer: The Dow's Big Round Number
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.