Comments on: A little perspective

By: socratease

socratease — Mon, 06 Oct 2008 17:14:07 +0000

Do you think the members of the media currently screaming for blood even have an understanding about the difference between point and percentage losses?

Of course they do. Just like they know that when they talk about “record oil company profits” that the absolute numbers are meaningless without expressing them as a percentage of total sales. But the media isn’t interested in informing its customers anymore. It’s not even interested in keeping its customers’ interest, considering recent declines in subscriber rates. It’s primary concern seems to be frightening the populace into making mis-informed decisions that go in the direction of what the media believes would be a better world.

By: BrianE

BrianE — Mon, 06 Oct 2008 16:53:55 +0000

Days with Greatest Net Gain Rank Date Close Net Chg. % Chg. 1 03/16/2000 10630.60 499.19 4.93 2 07/24/2002 8191.29 488.95 6.35 3 09/30/2008 10850.66 485.21 4.68 4 07/29/2002 8711.88 447.49 5.41 5 03/18/2008 12392.66 420.41 3.51 6 03/11/2008 12156.81 416.66 3.55 7 09/18/2008 11019.69 410.03 3.86 8 04/05/2001 9918.05 402.63 4.23 9 04/18/2001 10615.83 399.10 3.91 10 04/01/2008 12645.36 391.47 3.19 This is probably a statistic you aren't getting from the media. 9 of the 10 top days with point gains have been during George Bush's Presidency. But none of those days are even close when compared to percentage gains. Days with Greatest Percentage Gain Rank Date % Change 1 10/06/1931 14.87 2 10/30/1929 12.34 3 09/21/1932 11.36 4 10/21/1987 10.15 5 08/03/1932 9.52 6 02/11/1932 9.47 7 11/14/1929 9.36 8 12/18/1931 9.35 9 02/13/1932 9.19 10 05/06/1932 9.08

By: BrianE

BrianE — Mon, 06 Oct 2008 16:31:05 +0000

Days with Greatest Percentage Loss Rank Date % Change 1 10/19/1987 -22.61 2 10/28/1929 -12.82 3 10/29/1929 -11.73 4 11/06/1929 -9.92 5 12/18/1899 -8.72 6 08/12/1932 -8.40 7 03/14/1907 -8.29 8 10/26/1987 -8.04 9 07/21/1933 -7.84 10 10/18/1937 -7.75 11 02/01/1917 -7.24 12 10/27/1997 -7.18 13 10/05/1932 -7.15 14 09/17/2001 -7.13 15 09/24/1931 -7.07 16 07/20/1933 -7.07 17 09/29/2008 -6.98 18 07/30/1914 -6.91 19 10/13/1989 -6.91 20 01/08/1988 -6.85 According to Dow Jones, the recent drop was number 17 compared to all time. The media has a vested interest in creating fear in the voters mind. All led with the point drop since that fits the narrative.

By: Tiresias

Tiresias — Mon, 06 Oct 2008 16:08:48 +0000

To answer your question: no. That would take brains and some level of education. And, given the experience of the last decade, why would you suppose they’d suddenly acquire that?

By: Mike Devx

Mike Devx — Mon, 06 Oct 2008 15:20:15 +0000

Did Saturday Night Live *really* show this?
If so, I gotta give em some credit. It’s pretty darn good.

http://www.hulu.com/watch/37758/saturday-night-live-c-span-bailout

By: OBloodyHell

OBloodyHell — Mon, 06 Oct 2008 14:30:24 +0000

In a steadily rising market, it’s obvious you’re going to see new “record point changes” every once in a while.

The market, which held steady at about 1000 for the entire period of 1962-1983, has been increasing, peaking at just short of 14,000, and has since dropped. As I speak, it’s skidded to below 10k for the first time since 2004.

It’s not great, but it’s not surprising given the massive cluster-f*** by a coalition of stupid Democrats, chickensh** Republicans, greedy businessmen, and imbecilic purchasers, in that order.

To put it in real perspective:
On November 21, 1995 the DJIA closed above 5,000 (5,023.55) for the first time.
On March 29, 1999, the average closed above the 10,000 mark (10,006.78) for the first time.

So, at this point, it’s still higher than it had EVER BEEN just 10 years ago.