Dow Jones
I just have a brief comment to make in this entry. The Dow closed at 11,669.39 today, up 0.81% from yesterday. Today's closing value is the second-highest for the index in its 110-year history.
Can you guess when the highest value was? They say it was September 3, 1929, when the index hit 381.17, which presumably inflates to something outrageous. According to this American Public Media web site, it then went on to bottom out at a whopping 41 points in July of 1932.
Is this something for which we must plan? Will 2009 bring such economic deficit to America as 1932 did?
Maybe I'm being over-cautious, but with bond yields rising and real estate tanking while the DJIA is looking surprisingly good and the market is showing signs of bullishness, perhaps it's time to reconsider where that mutual fund money is invested?
Comments
Oh man...I hope we don't have another Great Depression. That will just give the nonagenarians one more thing to bitch about. I was talking to one yesterday who was complaining about how banking works nowadays. I don't know what he said, but this is what I heard: I fear change to an incredible extent. My entire notion of being is wrapped around the idea that everything in life stays exactly the same. Change scares me terribly because it is the one thing in this world that has the capability of making me irrevelant. Please, please don't change anything.
After a while, I got tired of listening to him, so I took another sip of my venti nonfat extra hot half and half 4-pump sugar free hazelnut latte.
Posted by: arc | September 27, 2006 08:02 AM