New Twitter, New Facebook, Dow Up 400+ Pts, What Next?
What a day! The Dow rallied to close at 11019.69 and investors are still freaking out.
What funny times we live in. To keep it all in perspective:
10 years ago in 1998 middle school children did not have cell phones, most home users accessed the Internet via dial-up modem, and the Dow on 09/08/1998 closed at 8020.78 with a gain of 380.53 (4.98%). 30 points LOWER than today's gain.
40 years ago in 1968 push button phones were super futuristic, callers waited for operators to connect long-distance calls and in June the Dow closed at 897.80.
70 years ago in 1938 the New England Hurricane struck, Ball Point Pens were introduced, and a Bear Market ended at 98.95 on March 31.
100 years ago James Spangler was awarded a patent for his vacuum technology that involved a rotating brush coupled with an electric vacuuming apparatus but it wasn’t until after World War II that vacuum cleaners became commonplace in American homes, and the Dow had one of its best years closing at 86.15, an increase of 46.64%
We live in an age of super advantages and connectivity, literally and figuratively. I'm so grateful to live in the 21st century and an age of advanced modern conveniences but know that HDTV, high-speed internet access, microwave popcorn, and The Office Seasons 1-4 on DVD are luxuries and not necessities.
We don't have individual flying jet packs like I thought we would when I was a child thinking of the future, but in a way the web is our flying jet pack - we can use it to go anywhere we want to go.
What funny times we live in. To keep it all in perspective:
10 years ago in 1998 middle school children did not have cell phones, most home users accessed the Internet via dial-up modem, and the Dow on 09/08/1998 closed at 8020.78 with a gain of 380.53 (4.98%). 30 points LOWER than today's gain.
40 years ago in 1968 push button phones were super futuristic, callers waited for operators to connect long-distance calls and in June the Dow closed at 897.80.
70 years ago in 1938 the New England Hurricane struck, Ball Point Pens were introduced, and a Bear Market ended at 98.95 on March 31.
100 years ago James Spangler was awarded a patent for his vacuum technology that involved a rotating brush coupled with an electric vacuuming apparatus but it wasn’t until after World War II that vacuum cleaners became commonplace in American homes, and the Dow had one of its best years closing at 86.15, an increase of 46.64%
We live in an age of super advantages and connectivity, literally and figuratively. I'm so grateful to live in the 21st century and an age of advanced modern conveniences but know that HDTV, high-speed internet access, microwave popcorn, and The Office Seasons 1-4 on DVD are luxuries and not necessities.
We don't have individual flying jet packs like I thought we would when I was a child thinking of the future, but in a way the web is our flying jet pack - we can use it to go anywhere we want to go.
Tags: average, ball, bear, cell, dow, industrial, investors, james, jones, market
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