Friday, March 06, 2009

The Dow

There has been lots of talk over the last few months about The Dow, and how every time we cross a certain number it's a "psychological barrier" or some other such drivel.  But yesterday The Dow closed at a number that I actually did find interesting.  The close yesterday was 6594.44.  Nothing much in and of itself.  But if you look at the 52 week range, that's when things get interesting.  The 52 week high was 13,191.50, and half of that number is 6595.75.  Which means that, by a margin of 1.31 The Dow has lost a full 50% of it's value in the last year.  I'm not sure this is unprecedented, and I'm frankly not interested enough to research it.  But it's something.

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