Equities and Alchemy

Equities and Alchemy


Jobs, financial markets, marketing, macroeconomics, individual investors, corporate criminals,
predatory financiers, market manipulation,
equities and alchemy

Buyer Beware

October. This is one of the peculiarly dangerous months to speculate in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.
- Mark Twain

11/29/08

Significant levels on the Dow


Significant Levels On The Dow
December 6, 1974 577 The last Bear Market bottom
July 12, 1976 1011 Highest point between Jan '73 and Oct. '82
August 12, 1982 776 The start of the "Reagan Bull"
August 25, 1987 2722 The 1987 high
October 19, 1987 1738 The (508 point) crash of 1987
February 2, 1994 3975 The top of the post 1987 crash recovery
November 23, 1994 3674 The start of the Clinton "super bull"
March 29, 1999 10006 The first Dow close above 10000
January 14, 2000 11723 The "Clinton bull" high
March 17, 2000 10630 The biggest one day gain (499 points)
March 20, 2001 9720 Dow closes below previous year low - first time since 1982
Sept 11-14, 2001 9605 Terrorist attack - Dow closed for four days
Sept 17, 2000 8920 The biggest one day fall (685 points)
Sept. 21, 2001 8235 Dow's second worst week ever -14.26%
Dec 31, 2001 10021 Dow up 21.7% from Sept. 21 low but down 7.2% on the year
July 23, 2002 7702 Low close of break below post 9/11 low.
Sept 30, 2002 7591 New 2002 low - All treasury yields (except 30-year bond) at 2002 lows.
Oct 9, 2002 7286 New 2002 low - Dow down 37.8% from Jan 14, 2000 all time high.
Oct 31, 2002 8397 Dow up 806 points (10.6%) for Oct. First "up" month since March.
Nov 6, 2002 8771 Fed cuts rates for first time since Dec. 2001 - 0.50% - Fed Funds 1.25% - Discount 0.75%
Dec 31, 2002 8341 Dow down 16.8% for 2002. First three consecutive year loss since 1939-41
May 23, 2003 8601 Senate passes bill raising the Treasury debt limit by $US 984 Billion to $US 7.384 TRILLION
June 25, 2003 9011 Fed cuts rates by 0.25% to a post 1958 low of 1.00%
Dec 31, 2003 10453 Dow up 25.32% in 2003 - Dollar down 14.67% in 2003
October 3, 2006 11727 Dow exceeds its January 14, 2000 high of 11723
October 9, 2007 14164 New all time high on the Dow
July 2, 2008 11215 Dow closes more than 20% below its Oct. 2007 high - bear market

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Jennifer believes we live in the garden of Eden and I believe that we are destroying it. Our saving grace is within ourselves, our faith, and our mindfulness. We need to make a conscious effort to respect and preserve all life.