The Dow Is Up 2,800 Points in the Past Year

One year ago today, the S&P 500 hit its closing low for the year at 1,099.23. It was the first time the index dropped below 1,100 in nearly 13 months. The next day, the index got down to its intra-day low of 1,074.77.

From the close of October 3rd to right about now, the S&P 500 has gained close to 32%. Of course, you wouldn’t know it from reading many blogs or following the financial news that stocks have done so well. It was about this time one year ago that crank Alessio Rastani gained notoriety by telling the BBC that the world economy was toast. The Dow has added over 2,800 points in the past year..

Posted by on October 3rd, 2012 at 2:16 pm


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