The Airing of Grievances
Friday, October 22, 2004
Friday Afternoon Economics
Today, the Dow closed at its year-to-date low. In the spring of 2000, the stock market bubble started to burst. Following 9/11, for obvious reasons, the market tanked. By March 2002, all of the post-9/11 damage to the stock market had been recovered. We are now still 13% below the pre-bubble level and 8% below the March '02 level.
Sure, the economy is just dandy.