Posted by Jed Lewison on Thu Jun 26, 2008 at 3:02 PM Pacific

Dow Jones falls below December, 1999 level (updated)

I'm no economist, and I understand there was a tech bubble in the late 1990s, but this still can't be a good thing:

  • Today's market close: June 25, 2008: 11,453.42
  • 8.5 years ago: December 28, 1999: 11,476.71

Update: I should also note that it's not the first time in 8.5 years that the Dow has been below 11,453.42; the previous time was on September 11, 2006.

Update 2: I rechecked the numbers and it turns out the Dow closed above today's levels as far back as December of 1999 -- not January 2000 as I had first posted.

Dow Jones falls below December, 1999 level (updated)

I'm no economist, and I understand there was a tech bubble in the late 1990s, but this still can't be a good thing:

  • Today's market close: June 25, 2008: 11,453.42
  • 8.5 years ago: December 28, 1999: 11,476.71

Update: I should also note that it's not the first time in 8.5 years that the Dow has been below 11,453.42; the previous time was on September 11, 2006.

Update 2: I rechecked the numbers and it turns out the Dow closed above today's levels as far back as December of 1999 -- not January 2000 as I had first posted.

The Jed Report Home Page

© Jed Lewison