Sunday, February 1, 2009

Both stock-market indexes are off by more than 40% from their 2007 highs.

Worst January on Record for Stocks

The Dow Jones Industrial Average finished January down 8.84% on the month. Perviously, the worst January for the Dow had been that of 1916, when it fell 8.64%. Friday, the Dow dropped 148.15 points to 8000.86 after briefly dipping below the 8000 mark. The Dow has fallen five straight months and in 12 of the last 15.

Posted by troy @ 06:05 PM (1030 views)
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11 thoughts on “Both stock-market indexes are off by more than 40% from their 2007 highs.

  • The S&P 500-stock index lost 2.28% Friday to end at 825.88, for cumulative losses in January of 8.57%. Until Friday, its worst January from 1929 onward occurred in 1970, when it lost 7.65%

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  • “I don’t think anyone is willing to put money to work until we get clarity out of the new government,” said Matthew Cheslock, managing director at Cohen Capital Group LLC.

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  • Investors have grown wary of efforts to right the ship.

    what ship?

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  • Annalena Lobb – Wall Street Journal January 30, 2009

    Stocks wrapped up their worst January on record with a final plunge on Friday.

    well with a name like that what else could you expect?

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  • “One day you think [the government] is going to do something serious to help the banks, and the next day it’s not such a great idea. Markets hate uncertainty, and it’s not clear it’s a good plan. We need to get these banks cleaned up and move forward.”

    right er OK do it!

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  • When the S&P declines in January, the index loses an average of 2.4% in the next 11 months, according to data going back to 1950 from Ned Davis Research.

    oh dear, really?

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  • Industrial stocks sold off, with Caterpillar warning it must drastically reduce production this year. Its shares fell 3.1%. Alcoa slid 7.7%. These stocks have plumbed new depths after repeated warnings from the International Monetary Fund and others that global growth is going to slow to a “virtual standstill” in 2009.

    oh deary deary me what a ? something.

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  • gardeniadotnet says:

    @2. troy

    Another great find.

    Clarity from the new government?

    No chance of that – the exits are far too small.

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  • Eternal Sceptic says:

    When banks, that in reality are bankrupt, continue to pay bonuses who in their right mind would invest in anything other than their mattress. It is a hell of a state when all crash gordo can do is blame the severity of the situation on worldwide events. I am sure that he said like a stuck record that the economy was in safe hands. At the same time he presided over the growth of the biggest bubble ever seen. What hope do we have with a PM unelected whose only qualification is in history. Did he learn nothing from the 30’s depression?
    we are dooooomed! I must get back to my cans of lager and coronation street.

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  • popular post 🙂

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  • little professor says:

    Jebus, what kind of gay website is that? Can’t you link directly to the WSJ instead of this gaudy conspiraloon collective?

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