The
Dow Jones Industrial Average
is highly erratic
1987 2,000
1990 2,365
2000 11,722
2002 7,286
2007 14,300
2008 13,300
Yesterday 10, 365, down 777 points, 7.0 %
When the Dow Jones Industrial Average reached each of eleven 1,000-point milestones
| 1,000 | Nov. 14, 1972 | 76 years |
| 2,000 | Jan. 8, 1987 | 14 years |
| 3,000 | April 17, 1991 | 4 years |
| 4,000 | Feb. 23, 1995 | 4 years |
| 5,000 | Nov. 21, 1995 | 9 months |
| 6,000 | Oct. 14, 1996 | 11 months |
| 7,000 | Feb. 13, 1997 | 4 months |
| 8,000 | Jul. 16, 1997 | 5 months |
| 9,000 | Apr. 6, 1998 | 9 months |
| 10,000 | Mar. 29, 1999 | 12 months |
| 11,000 | May. 3, 1999 | 1 month |
Linear graph of the DJIA from 1896 through March 2008 (Wikipedia)
The Dow fell 22.61% on Black Monday (1987). Two days later it rose 10.15%. (Wikipedia)
The Dow fell 14.3% after the September 11, 2001 attacks. [Wikipedia]
It was closed for a week after the World Trade Center disaster.
The Dow fell 7.0% on September 29, 2008
Last Two Years of the Dow Jones Industrial Average close
CNN
Of course what for me is a temporary "adjustment" may be a calamity for you. But historians may prefer the "adjustment" term.
2 comments:
I distinctly remember when it hit 10,000 in 1999.
Anyway - I decided I might drink myself to death instead.
Another word - at our age - there is little time or opportunity to recover, if you lost 20%. Young people do not need to worry so much - if they have a job and health insurance and on and on - or maybe they do.
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