Dow Update: Down 2,330 points since the Bailout passed
I’m sure you have all heard that the Dow is dropping fast with each new day taking us back to level seen farther and farther back in the 1990s. If any of you were wondering, our current level hasn’t been seen since October 1998, or ten years ago almost to the date.
For those who have been keeping track, Friday’s close means that the Dow has dropped roughly 2,330 points since the House passed the Bailout at 1:20 on Friday, October 3rd (look at this graph for the starting number I’m using). Basically, the Dow has dropped over 2,000 points in just over 5 days time. Wow. Welcome to 1998 people.
