Oct 9th 2007 ....one year ago today ..... Dow = 14,164.53

[doublethink]

Dow, S&P break records
Blue-chip averages hit intraday and closing highs after minutes from last central bank meeting add to bets that the Fed can lower rates again this year.

By Alexandra Twin, CNNMoney.com senior writer
October 9 2007: 5:23 PM EDT

NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, with the Dow and S&P 500 ending at new records after the minutes from the last Fed meeting showed the bankers were unanimous in their decision to cut interest rates - and that they would be willing to cut rates further, if needed.

The Dow Jones industrial average (Charts) jumped more than 120 points, ending at an all-time high of 14,164.53, according to initial tallies. The blue-chip barometer had hit an intraday high of 14,166.40 shortly before the close.



http://money.cnn.com/2007/10/09/markets/markets_0405/

Wow, currently the Dow is hovering in the 8900 + range ......

[phantom power]

1. Whee?

:hide:

[closeupready]

2. um, it's not hovering, it's plummeting.

n/t

[doublethink]

6. Okay you have a point there. n.t.

[closeupready]

14. lol

n/t

[Occam Bandage]

3. Hey, now, it's only lost 37% of its value. No big.

[stray cat]

7. I can easily survive a 50% loss of income as I'm sure most people can

:sarcasm:

[doublethink]

10. Headed for another 500 point loss today .....

next stop on this elevator going down ..... 8000 ... geesh I'll guess bottom at around 7700 ..... and that is my 'optimistic' attitude speaking today.

[DrDan]

4. and gas still below $3.00

[RaleighNCDUer]

5. Any idea what the high was in 1928?

Same thing - massive speculation, betting on borrowed paper pumped up the market to dizzying heights, then the house of cards came tumbling down.

[Javaman]

8. Not sure but I do know that it took roughly 27 years to reach that level again. nt

[slipslidingaway]

18. Chart at link...

Direct link not working, scroll down at the website and click on the chart under Bear Market of 2000-2003 to see the 1929-1930 chart.


From this website
http://alphatrends.blogspot.com/


He talks a little more about the chart in this video
http://www.youtube.com/watch?v=PbOzwokkjPM

[muntrv]

9. Carribou Barbie says "there ya go agin' lookin' backwards!"

[doublethink]

11. Geesh Dow down -650 with 15 minutes to trade today !!

Yeah I can see Falin Palin getting her foot all in her mouth over this too ..... :eyes:

[ColbertWatcher]

12. Pfft. Last month the Dow was over 11,000 ...

September 2, 2008 11,516.9199

http://finance.yahoo.com/echarts?s=%5EDJI#chart1:symbol=^dji;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

[TexasObserver]

13. I hope all the eager beavers who jumped on "bargains" at 10,200 are paying attention.

Over the past two to three weeks, I have practically begged people here to GET OUT of the DOW et al. because we were headed to 9000 or below. I was met with pseudo experts who claimed quite loudly that 10.2K was a bargain, and that they were bargain shopping.

This market may not make it back to 14,000 for 3 years.

[doublethink]

15. Yep I had a friend call earlier this week .......

with the same concerns, I hate giving financial advice ever .... but I did and she listened and am sure she is a bit relieved right about now. Anyway hope this thing turns or at least stabilizes soon. 7700 is my bottom at the moment. But that like everything else is just speculation. Peace.

[TexasObserver]

16. "Can you afford to lose half your port folio value?" is the question to ask them.

Or, it was a few months ago. Now, we're probably within 1000 points of the bottom, for the DOW.

[liberalla]

17. Whoosh!!!

From 14,164 to ----> 8579 in one year.


Whoosh!

:wow:

[doublethink]

19. ..........