Posted by Man With 101 Names (Hamburg, United States) on 10 October 2008 in Business & Industry and Portfolio.
Does anyone else hear "Nearer My God To Thee" in the Background ?
* back to wedding pics tommorow .
*** I updated this picture to show what the DJIA was 8 minutes in this morning it has sinced bounced back into postive territory but as I type this it is back down 200 points ... what a ROLLER COASTER !!
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"Our help is in the name of the Lord, who made heaven and earth..."
10 Oct 2008 1:23pm
Nope! Don't want to think about it.
Actually I was just looking back at the history of the DJIA and I thought it was pretty interesting that it took from 1896 to 1987 for it to reach 2,000, then it went to 11,000 in 1999 only 12 years later. I never thought that kind of growth could be sustained. When it skyrocketed in the 1990's it actually made me very nervous that this could happen one day.
Someone said today to remember for all those people who are selling stock there must be people to buy it. Someone is going to make some money in the long run.
11 Oct 2008 4:20am
@Laurie: LOL , that is funny I did the same thing yesterday too ... Jan of 85 - 1300 , Jan 95 - 3800 , Jan 2000 - 10900 ( 5 years 7000 pts ? ) Jan of 2005 - 10500 and then only 2 years later Jan of 2007 - 12300 and then of course October of 2007 - 14200 .... it was based on bullshit numbers and like you said could not be sustained !
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