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« Larry Ellison and the Art of War | Main | More Earnings News » October 19, 2006 It was 19 Years Ago Today......Sgt. Pepper taught the band to play. Well, not exactly. But it was the day that the stock market crashed. On October 19, 1987, the Dow dropped 508 points. In just a few hours, the index lost of 22.6%. How have things gone since then? The Dow is up 590%. Add in dividends, the Dow is up 1,010%. (That should teach you to reinvest your dividends!) Inflation has increased by 76%. And for all you gold bugs out there, the yellow metal is up 23%. To match the Dow, gold needs to get up to nearly $6,600 an ounce. The Dow has also outperformed the Wilshire 5000 which is up 493%, and 785% with dividends. Posted by edelfenbein at October 19, 2006 7:18 AM |
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