October 9, 2003
HEY, WE CAN ALL RETIRE AFTER ALL:
Will ripsnorting rebound continue? (Adam Shell, 10/8/2003, USA TODAY)
After three tough years, Wall Street finally has an anniversary worth celebrating.A year has passed since the stock market bottomed on Oct. 9, 2002. Since then, the benchmark Standard & Poor's 500 has gained 33%. The Dow Jones industrials are up 2,345 points, or 32%, and the Nasdaq composite has soared 70%.
You hear the Democrats compare the current economy to Herbert Hoover's. If he'd had an economy recovering like this by late '31 he'd have been re-elected. Posted by Orrin Judd at October 9, 2003 8:33 AM