Dow Negative During This Milennium

The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12.

Of course, that doesn't include dividends. Over the last 8.5 years, dividends have added about 19.5% to the Dow's total return.

All 30 stocks were down today. In percentage terms, today was the third worst day for the Dow in the last five years. The 3.13% sell-off from three weeks ago was slightly worse. Today was the 10th 300+ point sell-off in the last twelve months.

Read the whole story here.

Comments

[WIpatriot]

Down another hunnert today...rough week for Mr. Dow Jones.

[biwee]

Well, well, let's take a look at things since the war criminal Bush was put in the White
House by the Supreme Court in 2001. Check out your 401K, or other retirement account ,balance.
How about your home equity? Gee, look at the CD interest rates. And, then, there is the spectacle of GM trading below $12/share. Over 4100 unnecessary deaths.....over 30,000 unnecessarily wounded.
An unnecessary war of choice that will cost $2-3 TRILLION. Inflation about to skyrocket. Good jobs GONE. Thousands having their electricity shut off each day. Darn, those of Repubbies have been hard at work, have they not?? Vote Republican, and complete the destruction of America.

[MilwaukeeDan]

If you really want change in this country, it's McCain 08 and 2012. I'll be preparing for the revolution that should start in 2013. When unemployed rednecks start crashing their pick ups loaded with $10 per gallon gas into the NYSE and government buildings, that'll be the start of the revolution. Buy ammo.

[WIpatriot]

LOL, Dan. Yeah, that would be true but I don't think it would take until 2013...agree, buy ammo, for two reasons; you'll need it and the price keeps going up.

[MilwaukeeDan]

patriot, read some of the economic news and commentary on Peter Schiff's site, www.europac.net. It's getting scary out there.

[Sundialsvc4]

Forty-three dollars and seventy cents.

Oh my god, run to the hills and don't look back lest ye be turned to a pillar of salt.

What goes up goes down. It is the manner of all things that men choose to buy and sell.

And as the value of the currency continues to go down, the strike-prices on an exchange actually continue to go up, because the amount of "equivalent capital" needed by the businesses who are buying and selling those shares to make money for their corporations remains basically the same.

Until you properly separate these two factors ... until you adjust the trades for the dollar-value at that time ... you have only a statistical curiosity, at best.

[DXM]

More evidence that neocon economic theory holds as much water as the "theory" of intelligent design. Now even the average stock shareholder is losing money under the Republicans. I guess the only people benefiting are the ultra-rich with foreign holdings valued in anything but dollars. Good job Bushie!!!

[ImmanuelGoldstein]

But, but Republicans are GOOD for business.......

NOT!

[WIpatriot]

Other way 'round, Manny....

[ErnestineBass]

The simple truth? This glistening orb cannot continue to support 6 billion humans.

[GreedyOldPsychopaths]

Malthusian.

[WIpatriot]

Dead on balls accurate!

[Viper]

And so much for globalization.. The BUSH depression is spreading around the world... Watch the world markets tommorrow. Heck China is down 50%

If they dont kill the ENRON loophole quickly, more people will be starving than in 1929.

Regards

[Viper]

And in real dollars after accounting for inflation and the 60% devaluation in the dollar caused by huge deficits both trade and budget (see borrowing money for tax cuts and worthless wars from communist China has its down side)... it less than half of what it was when the Chimp took office.

MARKET DOWN 50%. Half the networth of America in real dollars is gone thanks to repugs and BUSH!

4 More years, 4 more years, 4 more years... vote McBush

And some one tell Larry Kudlow this is not a Goldie Locks economy... never has been under BUSH.. it was credit card economy with no real job creation, His tax cut money for the rich was invested in cheap labor countries , not here.. thats why no real job creation. Its been the GoldieCrap economy for the self deluding people on Wallstreet... who look about 3 days into the future and who are traitors to America..

Regards

[realityczech4u]

YAHAHAHAHA! It's not the Federal Reserve. It's not the crooks that did the subprime mortgage thing. It's not that the two things together caused runaway inflation in real estate prices which are now crashing. It's not speculators driving the prices of commodities into the stratosphere. No sir! It's nothing but those damned repugs and BUSH!!!! YAHAHAHAHAHAHAHAHAHAHA!

Bozo, it's been a credit card AND a home equity loan economy for well over a decade. Well over it.
This country has been systematically deindustrialized beginning in the mid-Seventies without letup. Production has been transferred to cheap labor countries for as long as I can remember.
Wake up. Bush will be gone in little over half a year and won't be there for you to blame for everything. You will have to face reality then so why not get started now?

Oh BTW, you say the market is down 50%. It is now at roughly 11,500. When was it ever 23,000?
Whatcha been smokin' brutha?

[biwee]

Can't face the truth?? Is is because you do not live in America??

[Nova16]

BadCzech-- The dolt in the White House has increased the federal debt by 7 trillion dollars during his reign of terror while it took 232 years of our history to accumulate 3 trillion. He inherited a budget surplus which quickly disappeared and now has squandered over 650 billion on his phony war with no end in sight and with the help of his republican enablers in and out of congress has managed to destroy a once viable economy. The incompetence, deceit and chicanery and corruption of this administration will always be remembered as the leading factor in the decline of the American nation.

[WIpatriot]

I think you need to read a little closer, checky.

Viper was including the dollar devaluation in his calculations. And he's not pinning it aqll on Bush, just saying that the trend has been continuing at a mighty healthy clip under Bush.

[thegreatgiginthesky]

True, shrub cannot be blamed for all of the outsourcing but you cannot say that his administrations policies have only accelerated the problem.

I remember in the 2000 election shrub was portraying outsourcing as a wonderful thing. The ability to provide cheaper goods. At that time I remember asking the question, if most people in America do not have jobs or have jobs flipping burgers or working in a convenience store who is going to buy the product, regardless of the price? People need jobs and believe it or not jobs are not being created. The statistics accumulated by the department of labor are a joke. Not to mention shrubs stance on working 2 or 3 jobs to support a family. Has he ever worked even 1 job in his entire life? This is the guy telling us that we need to work 2 or 3 jobs.

[robinhood2]

Things are a lot worse for the employees of financial service companies. Many of their employers' stocks are down over 50% in the past year, which means big doo-doo for their 401K plans. Employer matching funds are normally invested in company stock which normally cannot be switched to an alternative fund until the employee turns 50. For those employees who invested a big chunk of their own contributions in the company's stock, well I guess they just didn't learn from the Enron fiasco.

[realityczech4u]

Too bad for them. Financial service companies are nothing but parasites.

[Viper]

On average they are down 70 percent not 50%. And financial institution represent now the largest segment of our economy after consummer spending Unfortunately. MFG use to be the biggest sector. But under Reagan we decided that making nothing but paper transactions was more important than making real things here in the U.S.

And in the last years we decided to send high tech jobs offshore like MFG jobs. Globalization has turned into meaing the sending of work to the lowest wage country and now comes the payback of such short sided Wallstreet thinking who are the first at the trough for getting bail outs from the government they dont want to regulate them.

Regards

Regards

[axt113]

McCain 08: Four More years!, Four More Years!

lol, just remember that the next time you feel like grousing about FISA

[themodernleader]

The shift from asset based stocks to inflation-paper based stocks signifies an economy that is based upon essentially hot air.

[gevan]

Of course it's in the red. Just look at all those red states on the 2000 election map. Don't think that there is no conection.

[darthdarcy]

The Bush Legacy will be similar to that of Nero who also bankrupted Rome and plundered it's Treasury..!

[thegreatgiginthesky]

Shrub needs to be in jail being bubba's wife.

[WIpatriot]

Who could have predicted THAT?? Maybe just a couple of people. Throw in the dollar index drop of what, 40% over the last 8 years? Oh yeah, and gold kinda did a little dance this week. Hate to say I told ya so, but....

...and levelshot is right, too.

[Viper]

The Dollar has dropped by more than 60%.

Regards

[WIpatriot]

Thanks, Viper, that's the real reason I don't do math in my head anymore.