With the markets having hit new lows, I thought I’d update a piece I did last fall. It also supplies an illustration of Japan’s “lost decade”, 1990-2000. The data is taken from my extensive files, Friday closing numbers that often represented exact highs or lows in a cycle, unless otherwise noted.
Dow Jones
7/13/90…..2980…run-up to Saddam invading Kuwait, 8/2/90
10/12/90…2398
1/14/00…11722* [all-time high then]
10/11/02…7850
10/12/07…14093 [10/9/07…*14164 all-time high]
11/21/08…..8046
3/6/09……..6626 [3/9/09…6547 closing low thus far…minus 53.7% from high]
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Wall Street History
03/13/2009
THE CRASH
With the markets having hit new lows, I thought I’d update a piece I did last fall. It also supplies an illustration of Japan’s “lost decade”, 1990-2000. The data is taken from my extensive files, Friday closing numbers that often represented exact highs or lows in a cycle, unless otherwise noted.
Dow Jones
7/13/90…..2980…run-up to Saddam invading Kuwait, 8/2/90
10/12/90…2398
1/14/00…11722* [all-time high then]
10/11/02…7850
10/12/07…14093 [10/9/07…*14164 all-time high]
11/21/08…..8046
3/6/09……..6626 [3/9/09…6547 closing low thus far…minus 53.7% from high]
