Do you like round numbers? Nice round numbers? Then you can impress yourself and your friends by noting that since October 9, 2007, one year ago today, when the Dow Jones Industrial Average had its all time high close, the index has lost 5,000 points.
Give or take a few depending on where it ends up in two hours.
The high close was 14,164.53 on October 9, 2007. (The highest ever was 14,279.96 two days later.)
At Noon MDT today it’s at 9168.50.
Update at Close: So much for 5,000. The Dow closed today at 8,579.19.
So, down 5585 in one year.
And the question becomes, how low can it go?