Thursday, October 09, 2008

Dow 9000!

The Dow rise above 9000! News dated April 1998

The Dow fall below 9000! News dated October 2008

I'll return later for more on this issue, but for now I think the dates of these two headlines give a pretty good picture of how bad things are.


Blogger flute said...

June 2003, which is the last time it rose above 9000 happens to be just about halfway between April 1998 and October 2008.

10:58 PM  
Anonymous Anonymous said...

Adjust it for inflation and you have a good case for investing in stocks for "the long run"?


8:37 AM  
Blogger Unknown said...

That's it, I will convert to the church of technical trade.

10:48 AM  
Blogger Unknown said...

..that would be a loss of 23% in real terms over ten years, if you only count by the official inflation numbers..

1:54 PM  

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