Why has no one been mentioning the DJIA?!?!

[phish420]

When Bush took office, the Dow Jones was around 11,000 pts. Today it is down to 9750!!! This administration has yet to take the DJIA over 10,600, and since Jan of this year we have been stagnant at best, in the begining of another recession at worst. This is a strong economy? A drop of 1,250 pts over 4 yrs is a stong economy? I was shocked when I saw the average today (being one who doesnt keep up on such things, as I look as the shareholders as being partly responsible for my horribly low wages)

[Roland99]

1. Look down a couple threads.

[phish420]

2. Oops...lol

[phantom power]

3. In my estimation, Dow at 11K was overvalued.

Although I'm sure not thrilled at what it's been doing to my 401k, I think a Dow at 9K or 10K is not unreasonable. I have friends who think it really ought to be more like 5-7K. (which we may yet see, who knows?)

In an ideal world, the Clinton Admin would have taken steps to prevent the dot-com bubble. Of course, if they had, the GOP would have been all over them like flies on shit, accusing them of anti-growth economic treason.

But I digress. It just seems to me that what we're seeing is a correction of the dot-com bubble.

Note, this is in no way an endorsement of Bush's colossal economic screw-ups. In fact, given his disastrous mis-management, I've been pleasantly surprised that the Dow has remained relatively stable the last four years.