Posted on 10/04/2006 10:37:12 AM PDT by MNJohnnie
Dow 11,801.14 73.80
Nasdaq 2,272.05 28.40
S&P 500 1,343.18 9.07
(Excerpt) Read more at marketwatch.com ...
I posted this yesterday--
Some info to dispute the Dem talking points.
When President Bush took office in January 2001:
DOW was at 10.578.24
It had declined almost 10% from its high during the last year of the Clinton Presidency. As of today, the Dow Industrials stands 10.8% above when Bush took office. In spite of 9-11, Enron/Tyco/etc malfeasance...
NASDAQ was at 2757.91 when Bush took office, and had lost almost half of its value from the top of the Internet bubble, and was still in rapid retreat. By the end of March 2001, less than 6 weeks after Clinton left office, the bubble finally had lost most of its air and the Nasdaq stood at about 1820. Clearly nothing Bush did in less than 6 weeks caused that continued drop.
Today, we are at a level of 2246, almost 25% above the bubble burst bottom. (There was a later 9-11 bottom as well).
Your insight above needs to be brought out everyday.
Not only did some of the Clintoon dot.com companies not have earnings. Many never had a product or service they actually sold.
Some of the bigger companies were using the Dodd/Arthur Andersen Fairy Land accounting where wild A$$ speculations were treated as real assets. When the bubbles brust in May of 2000, the reality not the bs started to come out.
What would cause significant supply at that price?
I have seen both in the past week, I am assuming that someone on Free Republic has access to the Intraday high from 1/14/00.
If Clinton were President, the media would be going nuts.
From Yahoo:
Date 14-Jan-00
Open 11,619.35
High 11,908.50
Low 11,506.42
Close 11,722.98
Volume 1,085,900,032
Dow Components (From Jan 2000)
Eastman Kodak -62.22% [No longer in Dow]
General Motors -60.74%
Intel Corp -60.18%
Microsoft Corp -51.27%
Home Depot Inc -41.21%
Merck & Co -39.47%
Intl Paper Co -38.47% [No longer in Dow]
Du Pont -36.06%
Honeywell Intl -31.31%
IBM -31.19%
Alcoa Inc -30.83%
General Electric -29.46%
Coca-Cola Co -26.62%
Wal-Mart Stores -23.24%
AT&T Inc -21.05%
Hewlett-Packard -18.83%
Disney (Walt) Co -7.43%
McDonalds Corp -6.35%
JPMorgan Chase -4.43%
******************************
******************************
Procter & Gamble 7.72%
American Express 19.73%
Citigroup Inc 24.22%
Johnson&Johnson 38.18%
3M Co 50.67%
Exxon Mobil Corp 59.09%
Boeing Co 80.93%
United Tech Corp 98.52%
Caterpillar Inc 153.77%
Altria Group Inc 220.83%
SBC Communication [Now part of AT&T]
A monthly chart of the DJIA shows the high as 11750.30
That is a an apples to oranges comparison the "Analysis" suddenly discovered to talk about. The Dow Jones Average is a different measurment then the highest price number they suddenly want to talk about in their "news" letters.
Not Quite! The interday high for the dow is 11908.50 (1/14/2000)
Yahoo is wrong.
Big Charts also show 11,908 as the all-time intraday high on 1-14-00.
Are you this obnoxious in real life or do your reserve the rotten side of your personality just for us?
--All that FIAT money manages to produce the most powerful, richest, successful happy Republic in the History of man--
And the most successful car in the history of the Republic of Italy ;-0
The DIJA is for public consumption purposes, and has very little to do with anyone's 401K, etc....unless you own the 30 DIJA stocks (in which case, congrats...you are exactly where you were 6 years ago).
------
Ummm...if you've been BUYING large caps in a 401K during the past six years while the were down, you are NOT where you were six years ago.
My employees are very happy with their retirement accounts.
--Additionally, I think such comparisons should take into account inflation since component stocks are priced in dollars--
True. The same goes for oil and gasoline prices.
Just for you. You should feel honored.
http://www.businessweek.com/ap/financialnews/D8KH93PG3.htm
By ELLEN SIMON
AP Business Writer
Dow passes intraday high
OCT. 3 12:37 P.M. ET The Dow Jones industrial average surged past its all-time trading high of 11,750.28 Tuesday, taking yet another step in its recovery from seven years of market turmoil.
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