Monday, January 09, 2006


Normally, this would be me gloating about how many hits this site has received since first opening shop back in 2004, but this time, it's about Wall Street. For the first time since June 7, 2001 the Dow Jones Industrial Average rose to over 11,000. It closed today at 11,011.90 This is the highest it has been since before the attacks on the World Trade Centers (among other things) that caused the market to drop 14% in one week, and eventually bottom out at 7286.27 on October 9, 2002. However there is still quite a ways to go to reach the all time closing high of 11,722.98 on Jan. 14th of 2000.

"It sends a signal that the U.S. economy has weathered some pretty harsh storms over the past few years and in recent months," Art Hogan, chief investment strategist at Jefferies & Co., said of the Dow's achievement. - Yahoo!

But the Dow Jones isn't the only one that set long time highs. Nasdaq (The high tech average) is at 2,318.69 which is the best close since February 20, 2001. However it is still far below the over 5000 mark of the technology boom in 2000. The S&P 500 (Small cap businesses) is at a 4 1/2 year high with today's closing at 1,290.15. - More from Yahoo

Oh, and as the media says, "Bush is killing the economy, pass it on."