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Discussion Forum : News and Current Events : Dow and S&P 500 fall to fresh 12-year lows

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 Dow and S&P 500 fall to fresh 12-year lows


[b]Dow and S&P 500 fall to fresh 12-year lows[/b]

NEW YORK (CNNMoney.com) -- Stocks plunged to fresh 12-year lows Thursday as investors waded through more grim news: GM said its survival is in doubt, bank shares took a beating, and Citigroup fell below a buck.

Adding to the global woes: China defied expectations by failing to boost its economic stimulus program.

The Dow Jones industrial average (INDU) fell 281 points, or 4.1%, to close at 6,594.44, ending at the lowest point since April 15, 1997. The Dow has now fallen 14 of the last 18 sessions.

The Nasdaq composite (COMP) fell 54 points, or 4% to close at 1,299.59, ending at the lowest point since 1279.24 on March 12, 2003, at the bottom of the previous bear market.

The S&P 500 (SPX) index lost 30 points, or 4.2%, closing at 682.55, the lowest finish since Sept. 18, 1996.

read more: http://money.cnn.com


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SI Moderator - Greg Gordon

 2009/3/5 22:26Profile
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"Pilgrim and Sojourner." - 1 Peter 2:11

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 Re: Dow and S&P 500 fall to fresh 12-year lows


I was looking at some graphs and it is interesting to notice the 30 year history of the Dow:

https://www.sermonindex.net/images/misc1/dowjones.jpg

It was at levels of 800-1200 points for such a long time and then in the 90's there was significant gains every year. Perhaps we are going to times were will be "forced" to live simpler in our society.


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SI Moderator - Greg Gordon

 2009/3/5 22:28Profile
mackaymarsh
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Joined: 2007/5/21
Posts: 132


 Re: Dow and S&P 500 fall to fresh 12-year lows

Greg,
Here is another graph that shows this decline as compared to the last 4 'bear' markets including the crash of 1929.

[url=http://dshort.com/charts/bears/four-bears-large.gif]Four Bad Bear Markets[/url]
http://dshort.com/charts/bears/four-bears-large.gif

We are lower percentage wise than any other time since the crash of 1929.
Wayne

(edit: removed a 'the' for better grammer)

 2009/3/6 0:34Profile
HeartSong
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Joined: 2006/9/13
Posts: 3165


 Re:

Does anyone know what started the apparent "rise to prosperity" in the mid-eighties?

 2009/3/6 8:08Profile









 Re:

Quote:
Does anyone know what started the apparent "rise to prosperity" in the mid-eighties?



Reaganomics. Conservatism. Smaller government. Lower taxes. The right stuff. The exact opposite of what we have had for the last 15 years. (Bush was no conservative... I had to hold my breath while I voted for him)

Thats as far as I'll go with politics on this forum.

If you want to know where I stand politically... read the Declaration of Independence, the Constitution and the Bill of Rights. It's all in there.

Krispy

 2009/3/6 8:17
HeartSong
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Joined: 2006/9/13
Posts: 3165


 Re:


But the biggest apparent increases have been in the last 15 years . . . ?

 2009/3/6 11:31Profile









 Re:

Didn't know which would be best to post so putting up the choices here -

http://www.google.com/search?hl=en&q=World+Bank%3A+Global+economy+to+shrink+in+2009&btnG=Google+Search&aq=f&oq=

Black Monday?

 2009/3/9 2:17









 Re:

I'm behind the times obviously.

Could anyone list who the G-10 are?


http://www.abc.net.au/news/stories/2009/03/10/2511601.htm

Thank you!

 2009/3/9 16:13





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