![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUaVQobApmDKFYdVxPMygUvViJtUK9o3ZD1I9PEaUY17R90t33TbnNN2GZxBD8QrIqumjLynP2qnL5FDCNohprYZrdUTEmXK-NiOqV6YrhJGQc9iBXkSDto8lh7GISYkONIc7u/s320/blog-panic.jpg)
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 |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIhn1hMatpPD_h9msUpQHJ8vm44xHJGCp_RGUkPeDDdTPwGN61LW3eyQmXoEiJ8IANB-KJv0WCmabr5glQGQg9rPbdQnBlUZ4I-EtYvxdnSBHzV_TgS1NK3PJAsqufnd7xe9nm/s320/800px-DJIA_historical_graph.svg.png)
Linear graph of the DJIA from 1896 through March 2008 (Wikipedia)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGMlkUnespyYkzY7ismCDzsgcaHxNx39S_ge9z6Jmz9-yOQp4ZXb4G7dfUvqrb4rOVIQ21gy0TeRWxh48STx4M4tcUA1KlpjUUm8ZbjLfoYwFo4Ci1J2YmOssOudq0KVzyJIfG/s320/600px-DJIA_Black_Monday_1987.svg.png)
The Dow fell 22.61% on Black Monday (1987). Two days later it rose 10.15%. (Wikipedia)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIkm7BHlXxrsOJl_-M2tVwjzuGEH50gO_gBqRFmF9SS0P9kQ_W9Bws1CyRBkTUR3Q0FxCN9inER2xUTV3H6RU8ud2rEniIjrAPveEmUUQv-UYMXFN-AjLgY9LCMuXFsPvZ_39k/s320/600px-DJIA_during_911.svg.png)
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
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtNmPmpBaSLyGLB7qfiu2-Xc7HvNLaw1JGm5NHe2ovW3TtVzo50QG2bavswGF_Zp4d5uZQeKSCOXf5xZRRc9HsuL8BUgApuAEuL3gmFJkoa2turpzzmErnFFYgpVECcMrWcSup/s320/cnn+2+year+dji+chart.gif)
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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