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This page is a Daily Archive of entries for Wednesday, October 8, 2008 listed from newest to oldest.
Do you remember when the Dow Jones Industrial Average first spiked over 10,000? I do. For one reason: a feature appeared in the News-Gazette about a couple who had, years before, ordered a vanity plate for their car: DOW10K, or something similar, in anticipation of the event that eventually occurred in 1999.
This morning, after weeks of plunging, the Dow opened at 9,437. Consider that for a moment. How did you feel in 1999 when the market first soared over that 10K peak? Were you even paying attention? Did you struggle to pay for gas? For food?
How about in 2001, 2002, 2003, and 2004? All four of those years saw periods when the Dow dipped below 10K. What was the financial discussion around your kitchen table when the markets reopened after September 11th? After the United States invaded Iraq? What will the discussion be tonight?
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