January 20, 2001
DJIA then 10,587.59 Now 9,447.11 Down 11% (Historical note - Largely Clinton's fault, the Dow should not have been that high back then.)
NASDAQ then 2,770.38 Now 1,754.88 Down 37% (Historical note - All Clinton's fault.)
S & P then 1,342.54 Now 996.23 Down 26% (Historical note - See notes above for complete explanation.
Some might say that adjusted for inflation, the devaluation of the dollar, the changing elements comprising the indexes, multiplying by 3.8 as being how many times safer the average American is from being car-bombed at the mall, multiplying that by 1.4, the effect of lower taxes upon the rich and higher fees for the poor, and another 1.8 as the savings from not being able to afford gasoline, and thus wear and tear on their cars,
the average American is better off now than then. And besides, many, many Americans can now eat inexpensively on their jobs, often scarfing up a free Freedom Fry or two as they pass the bin on their way to the counter as they start their shift.
DJIA, NASDAQ and S & P - Jan. 20, 2001 and now.
