Thursday, February 5, 2009

Dow Jones Industrial Average

If you look at the Dow, the S&P 500 and the Nasdaq indexes, you can see how bad this latest crash was. We're down to the same level as the bottom of the last crash in late 2001 to early 2002. The last time before that that we were at these levels was back in late 1997. That was the point the indexes rose through current levels and stayed above them consistently.

IOW the current crash has wiped out a decade's worth of gains in the market.

That's a scary thought.

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