October 20, 2006

GOD BLESS YOU, MR. REAGAN:

It’s a grand figure for the Dow — 12 grand (RICK BABSON, 10/20/06, The Kansas City Star)

The Dow Jones industrial average’s second run past 12,000 was a little more lasting as the index of blue-chip stocks closed above the mark for the first time.

After failing to hold 12,000 after an early run Wednesday, the Dow on Thursday closed at 12,011.73, up 19.05 points, or 0.16 percent. It was the ninth record close for the Dow in a little more than two weeks.

The Dow’s latest milestone came on the anniversary of Black Monday in 1987, when the Dow plunged 508 points and also suffered its second-biggest percentage drop in history. The Dow finished that day at 1,793.90.


Posted by Orrin Judd at October 20, 2006 1:27 PM
Comments

"A Hooverian crash is right around the corner!!!"

Posted by: Jayson at October 20, 2006 10:20 PM
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