Quote:
Originally Posted by Splum
The economy is booming... in the USA. Stock market is at an all time high, oil prices are down, unemployment is low, etc. I dont know what its like down in that third world cesspool of shit you live in, sa'matter the banana prices too high?
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From the first day of trading, January 22, 2001, after President Bush became the 43rd President of the United States, until the last trading day, January 19, 2007, before the publication date of this article, the performance of the major stock markets?measured by the index portfolios of the Dow Jones Industrial Average, the Standard & Poor's 500, and the NASDAQ Composite?has been abominable. Only the Dow Jones Industrial Average managed to achieve a positive real return on investment over the past six years, and that return was a miserly half-a-percent on an annualized basis, a level of performance that would get any fund manager taken out and shot.
January 22, 2001, was the first day of trading after Mr. Bush became President. The three major stock market indices stood at the following levels at the close of trading on that day:
January 22, 2001, Index Closing Values
Dow Jones Industrial Average: 10,578.24
Standard & Poor's 500: 1342.9
NASDAQ Composite: 2757.91
At the close of trading on Friday, January 19, 2007, these same three averages stood at the following levels:
January 19, 2007, Index Closing Values
Dow Jones Industrial Average: 12,565.53
Standard & Poor's 500: 1,430.50
NASDAQ Composite: 2,451.31