If you didn’t already know, today is the two-year anniversary of the Dow Jones Industrial Average hitting 14,164 on October 9, 2007. We’re sitting better than where we were only a few months ago, but with the Dow closing at 9,787 just yesterday on October 8, 2009, we’re entering the two-year anniversary 31% below where we stood two years ago.
I wrote a preamble to this infamous two-year anniversary a week ago, and if you would like to read an assessment that was just as accurate then as it is today, click here to read my original post on what [ more . . . ]
Yes, next week we’ll hit a rather infamous anniversary. Two years ago on October 9, 2007 the Dow Jones Industrial Average hit 14,164. In fact, the Dow actually hit 14,166 during the day on October 9th. And it even hit a momentary all-time high of 14,198 two days later on October 11th.
But that’s, unfortunately, all history, isn’t it?
Now — two years later — we sit at a ‘recovered’ 30% loss. That’s much better than the roughly 54% loss the Dow experienced as recently as March 2009 when the Dow bottomed out at roughly 6,500, but it’s still a huge step backward [ more . . . ]
