kallend 2,146
QuoteQuoteQuote
The S&P500 is currently at the same level as end of September 2001
And the NASADAQ is at half the level it was in 2000.
i chose the Sept 2001 mark since that already factored in most of the usual excuses (9/11, .com-bubble, Clinton in general, ...)
But if you want to factor in 9/11, you have to take the price after 9/11 took full effect on the markets. The better comparison would be with Oct 4, 2002, when the S&P was at 800. It's still up 66% since then.
None of these numbers mean anything unless the purchasing power of the $US is accounted for.
Oil in 2001 - $27/bbl
Oil in 2008 - $103/bbl
1 Euro in 2001 - $0.94
1 Euro in 2008 - $1.52
Bush's policies, both foreign and domestic, have been an unmitigated economic disaster
...
The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
QuoteQuoteQuoteQuote
The S&P500 is currently at the same level as end of September 2001
And the NASADAQ is at half the level it was in 2000.
i chose the Sept 2001 mark since that already factored in most of the usual excuses (9/11, .com-bubble, Clinton in general, ...)
But if you want to factor in 9/11, you have to take the price after 9/11 took full effect on the markets. The better comparison would be with Oct 4, 2002, when the S&P was at 800. It's still up 66% since then.
None of these numbers mean anything unless the purchasing power of the $US is accounted for.
Oil in 2001 - $27/bbl
Oil in 2008 - $103/bbl
1 Euro in 2001 - $0.94
1 Euro in 2008 - $1.52
Bush's policies, both foreign and domestic, have been an unmitigated economic disaster
Who's defending Bush? Jeez, I thought I was I just pointing out the appropriate economic low point to compare against.
kallend 2,146
QuoteQuoteQuoteQuoteQuote
The S&P500 is currently at the same level as end of September 2001
And the NASADAQ is at half the level it was in 2000.
i chose the Sept 2001 mark since that already factored in most of the usual excuses (9/11, .com-bubble, Clinton in general, ...)
But if you want to factor in 9/11, you have to take the price after 9/11 took full effect on the markets. The better comparison would be with Oct 4, 2002, when the S&P was at 800. It's still up 66% since then.
None of these numbers mean anything unless the purchasing power of the $US is accounted for.
Oil in 2001 - $27/bbl
Oil in 2008 - $103/bbl
1 Euro in 2001 - $0.94
1 Euro in 2008 - $1.52
Bush's policies, both foreign and domestic, have been an unmitigated economic disaster
Who's defending Bush? Jeez, I thought I was I just pointing out the appropriate economic low point to compare against.
Didn't say you were, you're too smart for that; just making an observation.
1 UK pound in 2001 - $1.43
1 UK pound in 2008 - $1.98
...
The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
crwtom 0
QuoteQuoteQuote
The S&P500 is currently at the same level as end of September 2001
And the NASADAQ is at half the level it was in 2000.
i chose the Sept 2001 mark since that already factored in most of the usual excuses (9/11, .com-bubble, Clinton in general, ...)
But if you want to factor in 9/11, you have to take the price after 9/11 took full effect on the markets. The better comparison would be with Oct 4, 2002, when the S&P was at 800. It's still up 66% since then.
the down spike of 9/11 was recovered after about 2 weeks. As much as 9/11 was a tragedy -- in huge economy like the US with a $14Triliion GPD the attacks themselves and the destruction of a handful of buildings is a drop in the bucket.
in October 2002 war was looming already -- and what stock markets hate even more than war itself is the uncertainty of a war on the horizon. Of course if you say the war was a necessary consequence of 9/11 you can say 9/11 indirectly caused the baisse following late 2002 -- personally, I consider the 9/11->Iraq implication as rubbish.
Cheers, T
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Fear causes hesitation, and hesitation will cause your worst fears to come true
Fear causes hesitation, and hesitation will cause your worst fears to come true
i chose the Sept 2001 mark since that already factored in most of the usual excuses (9/11, .com-bubble, Clinton in general, ...)
But if you want to factor in 9/11, you have to take the price after 9/11 took full effect on the markets. The better comparison would be with Oct 4, 2002, when the S&P was at 800. It's still up 66% since then.