Milestones in the Dow

The retirement holdings of members of my family have been halved by the financial crisis we are in. I don’t expect any president to perform miracles. After all, they are just men; what I do not expect them (or their minions) to do is to talk the markets down to the point where investor confidence is zilch. Here are some Dow milestones:

  • January 23, 2001 – Closed at 10,549.91
  • September 18, 2001 – Closed at 8903.40
  • September 1, 2008 – Closed at 11,516.92
  • November 5, 2008 – Closed at 9,139.27
  • January 21, 2009 – Closed at 8,228.10
  • March 3, 2009 – Closed at 6,726.02

From January 23, 2001 through January 20, 2009 (the eight years of Bush’s presidency) the Dow surged many times, back-pedaled many times, and ultimately ended negative. The Dow lost 2,377.65 points during the height of the Frank/Dodd/Schumer/No-Fannie Mae oversight/No-Freddie Mac oversight/CDO/CDS/Derivatives/ACORN/CRA/Sub-prime Mortgage Crisis. (Let’s call it what it really is, shall we?)

Since HOPEANDCHANGE® took over on January 20, 2009, the Dow has lost an additional 1,502.08 points — in 42 days.

Way to go Obama Dems! You’ve truly brought about change. Hope, however, is another thing altogether…

1 thought on “Milestones in the Dow”

  1. Very important George,

    Please remember to buy stock from the toilet paper manufacturers ASAP.

    Sooner than expected there will be a great demand for this product to clean-up President Obama, Nancy Pelosi and Harry Reid mess.

    La cagazon va a ser grande.

    The Exxon Valdez disaster will be nothing compared with this mess.

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