As the business networks and news networks continue their special coverage today on the anniversary of the 9/11 terror attacks, the Dow Jones Industrial Average closed at a poignant level.
On September 10th 2001, the DJI closed at 9605, and today, the DJI closed at 9605.
With the anniversary of the Lehman bankruptcy this weekend, and the rollercoaster that has been the last 12 months, the closing price seems all the more significant.
Tuesday marks the first anniversary of the collapse of Lehman Brothers, an event seen as exacerbating the recession and pushing the economy into crisis mode.
Ahead of that, President Obama will speak Monday about the steps his administration has taken to “bring the economy back from the brink” and make sure a collapse at that level doesn’t happen again.
(Eli Rowe – NYC)
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4 Responses
The fact that many people, including Jews, may attribute some mystical significance to the fact that the DJIA closed today at the same level it reached on Sept. 10, 2001, should not and must not prevent us from saying in a firm voice:
There is no connection whatsoever.
In fact, the suggestion that there might be a connection should not have even been posted on a listserv which mostly serves religious, observant Orthodox Jews.
if he wants to do more for the economy he should resign & take 75% of DC with him!
The market first began to decline in June 2008 when Obama outpolled Hillary then further when he outpolled McCain then further when he announced he was looking to redistribute the wealth and then further when inaugerated. He is like the arsonist who quickly changes and shows up again as a fireman giving orders how to put out the fire. Investors are simply afraid of this man. So when they refused to gamble their wealth Obama decided to print money himself and invest that instead. All this new money is going to be spent on things that will not create new wealth. It will overpay a lot of people for less work than a normal economy would pay them. The result will be a dysfunctional system that is trained on government input. When that input stops it may very well collapse again.
washington,
he is like the arsonist putting out the fire with GASOLINE!