Tuesday, November 14, 2006

God Bless The Dow Jones!!!

This was originally written on September 5th, 2006.

Since The Dow Jones hit a "new high" of 12,218.01 points today, I thought I'd bump it up to here.

On January 20th, 1993, as Bill Clinton was about to become President the Dow Jones Industrial average closed at:

3,241.95 points

Eight years later, on January 19th, 2001 the Dow Jones closed at

10,587.59 points.

This is a gain of

7,345.64 points.


To express this the way you asked, the Dow is currently trading at 11,460 points, which means that if it was at 10,587 points when Bush took office then it has risen all of

873 points

In the 5.75 years Bush has been President.

Clinton: Dow up by 7,345 points in 8 years.
Bush: Dow up by 873 points in
5.75 years.

You figure it out.

Btw, this averages out to about 150 points a year, which means that the Dow has been gaining a little over 1% a year for the last 5.75 years versus the 10% it usually gains.

Want to tell me how great the economy is doing again?

This is a New Depression and no one wants to admit it.

Don't get me started on how much value the Dollar has lost to the Euro in the last 5 years.

It's down 30%, which means that maybe a lot of Americans won't be going to France anytime soon, but the French will be over here playing tourist and buying our cheap, Made In China goods, and wondering how Americans got so fat, not eating any French cuisine, except for our fries.

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