This shows the historical milestones of the Dow Jones average. The all-time high:
| Intra-day Actual: | 14,198.10 | Thursday, October 11, 2007 |
As of 2:42 p.m. today, according to the NYTimes.com feed, the Dow stood at 10,614. So in less than a YEAR, the average has dropped 3,584 points - or 25.24%....
That's just mind-boggling. Seriously, we've lost 25% of the value of our businesses in 50 weeks?? WTF?
A happy note? If this is similar to the Great Depression, it only took 22 years and World War II to pull the economy back to the previous levels the stock market had reached before the crash. Hmmm.... maybe that's NOT such a happy note.
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