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Ireland is protecting all the debt of its top banks.
Iceland's Prime Minister says the nation may go bankrupt.
In just the past 5 weeks:
France down over 17%
Germany down 16%
Russia -48%
China -7%
Japan -18%
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#1
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- Posts: 16,739
- Joined: 2003-October-07
- Gender:Male
Posted 2008-October-07, 16:02
The Dow Jones is now at about where it was ten years ago.
Ireland is protecting all the debt of its top banks.
Iceland's Prime Minister says the nation may go bankrupt.
In just the past 5 weeks:
France down over 17%
Germany down 16%
Russia -48%
China -7%
Japan -18%
Ireland is protecting all the debt of its top banks.
Iceland's Prime Minister says the nation may go bankrupt.
In just the past 5 weeks:
France down over 17%
Germany down 16%
Russia -48%
China -7%
Japan -18%
#2
- Group: Advanced Members
- Posts: 2,030
- Joined: 2008-August-08
- Interests:Attorney, writer, entertainer.<br><br>Great close-up magicians we have known: Shoot Ogawa, Whit Haydn, Bill Malone, David Williamson, Dai Vernon, Michael Skinner, Jay Sankey, Brian Gillis, Eddie Fechter, Simon Lovell, Carl Andrews.
Posted 2008-October-07, 16:18
mike777, on Oct 7 2008, 05:02 PM, said:
The Dow Jones is now at about where it was ten years ago.
Let's not get carried away...it's more than 20% higher than that.
1. LSAT tutor for rent.
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
#3
- Group: Advanced Members
- Posts: 16,739
- Joined: 2003-October-07
- Gender:Male
Posted 2008-October-07, 17:35
July 16 1998
Rises 93.72 to close at 9,328.19, first close above 9,300.00.
jan 6 1999
Rises 233.78 to close at 9,544.78, first close above 9,400.00 and 9,500.00.
9,447.11 -508.39 / -5.11%
Oct 7 4:05pm ET
Rises 93.72 to close at 9,328.19, first close above 9,300.00.
jan 6 1999
Rises 233.78 to close at 9,544.78, first close above 9,400.00 and 9,500.00.
9,447.11 -508.39 / -5.11%
Oct 7 4:05pm ET
#4
- Group: Advanced Members
- Posts: 2,030
- Joined: 2008-August-08
- Interests:Attorney, writer, entertainer.<br><br>Great close-up magicians we have known: Shoot Ogawa, Whit Haydn, Bill Malone, David Williamson, Dai Vernon, Michael Skinner, Jay Sankey, Brian Gillis, Eddie Fechter, Simon Lovell, Carl Andrews.
Posted 2008-October-07, 17:40
mike777, on Oct 7 2008, 05:02 PM, said:
The Dow Jones is now at about where it was ten years ago.
October 7, 2008: 9,447.11
October 7, 1999: 7,741.69
9,447.11-7,741.69 = 1705.42 etc. etc. yada yada.
1. LSAT tutor for rent.
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
#5
- Group: Advanced Members
- Posts: 16,739
- Joined: 2003-October-07
- Gender:Male
Posted 2008-October-07, 17:42
lol that was nine years....see my quote for ten years
I guess we got to go up 100 points by jan 06 2009 to match jan 06 1999
I guess we got to go up 100 points by jan 06 2009 to match jan 06 1999
#6
- Group: Advanced Members
- Posts: 2,030
- Joined: 2008-August-08
- Interests:Attorney, writer, entertainer.<br><br>Great close-up magicians we have known: Shoot Ogawa, Whit Haydn, Bill Malone, David Williamson, Dai Vernon, Michael Skinner, Jay Sankey, Brian Gillis, Eddie Fechter, Simon Lovell, Carl Andrews.
Posted 2008-October-07, 17:46
That was a typo, actually...7,741.69 was the 10-7-98 close.
http://finance.yahoo.com/q/hp?s=%5EDJI&a=0...&e=7&f=1998&g=d
Having said all that, your point is well-taken, although it references a time during which stock prices were a bit wacky thanks to the dot com heyday. I know that S & P P/E ratios were crazy and getting crazier then, marketwide; maybe that wasn't the case with the Dow, but I suspect it was. The "bigger sucker" theory dominated.
http://finance.yahoo.com/q/hp?s=%5EDJI&a=0...&e=7&f=1998&g=d
Having said all that, your point is well-taken, although it references a time during which stock prices were a bit wacky thanks to the dot com heyday. I know that S & P P/E ratios were crazy and getting crazier then, marketwide; maybe that wasn't the case with the Dow, but I suspect it was. The "bigger sucker" theory dominated.
1. LSAT tutor for rent.
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
Call me Desdinova...Eternal Light
C. It's the nexus of the crisis and the origin of storms.
IV: ace 333: pot should be game, idk
e: "Maybe God remembered how cute you were as a carrot."
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