The Dow Is Now Down for the Millenium
Posted on: Jun 27th, 2008 | By Contrarian Profits | Filed under Featured, Financial News
The Dow closed at 11,453.42 yesterday. It’s now below its December 31, 1999, close at 11,497.12. This from CrossingWallStreet.com:
All 30 stocks were down today. In percentage terms, today was the third worst day for the Dow in the last five years. The 3.13% sell-off from three weeks ago was slightly worse. Today was the 10th 300+ point sell-off in the last twelve months.
The Dow is now at its lowest close since 9/11/2006. The S&P 500 wasn’t down as much, and it’s still holding above its closing low from March 10 and March 17.
For the millennium, the S&P 500 is off 12.7%.
This doesn’t include dividends. These have added 19.5% to the Dow’s total return since the end of the 20th century.