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Dow Ends Above 12K |
2006-10-21 |
![]() The DowÂ’s latest milestone came on the anniversary of Black Monday in 1987, when the Dow plunged 508 points and also suffered its second-biggest percentage drop in history. The Dow finished that day at 1,793.90. Stocks struggled all afternoon to hold gains after a pair of reports gave fresh evidence that the Federal Reserve might have a tougher time holding interest rates steady. The broader markets posted slight gains Thursday. The Standard & PoorÂ’s 500 index gained 1 point, or 0.07 percent, and closed at 1,366.96. The Nasdaq composite index gained 3.79 points, or 0.16 percent, and closed at 2,340.94. |
Posted by:Steve White |
#2 Iff the Dems had their way, or at least to what they'll admit to, the Dow, etal. would never see daylight above 1000. Strong Unions, non-competitive companies + MNC's forced to receive Govt subsidies-bailouts, Big Gummermint, deficit spending = Legal/Legislated Bankruptcy, + rising stagflation, ..........etal. = PARADISE FOR THEM. SOLVING PROBLEMS BY NOT SOLVING THEM + CREATING MORE. |
Posted by: JosephMendiola 2006-10-21 00:44 |
#1 Black Monday 1987...you couldn't dream of a better buying opportunity. Oh to have a time machine... |
Posted by: facta non verba 2006-10-21 00:15 |