What Difference Does A Year Make?

not much, really...

These are from the headlines from Investor's Business Daily newspaper on October 2nd, 2008, describing what transpired on October 1st:

Dow Jones Industrial Average ended at 10,831, S&P 500 at 1,161, and Nasdaq at 2,069.

(Nasdaq has come back to that level after one year. Dow and S&P about 11-12% below.)

Mortgage Rescue Returns To Senate; House Vote Friday

(After one year, not much of a rescue for homeowners whose mortgages are underwater.)

Buffett Will Buy $3 Bil GE Stake

(GE was $22 stock. Now it is $16. Mr. Buffett is under water on GE, though it is more than made up by his investment in Goldman Sachs.)

Factory Index Hits A 7-Year Low: Sept's ISM manufacturing index dived 6.4 points to 43.5, the lowest since Oct. '01.

(Today's market dive is also because of lower ISM number, although it is now in 50s.)

Automakers' Sept. Sales Plunge

(Same this year. September sales plunged. Cash for clunkers articifially propped up the number during the summer.)

Army General David McKiernan, commander of NATO forces in Afghanistan stressing the need for more troops and aids

(It is now General McChrystal, but he is asking exactly the same thing, and the president, then and now, is taking time thinking about it.)

Tweet