How The Media Scares You

29 Sep

Posted by: Ken Himmler

As I went back onto my PC tonight I couldn’t help but notice the headlines "Dow Drops 770 – More Than After The Sept 11 Terrorist Attacks"! For those that read at first glance it would seem scary. For those that have better memories than that I have the real information for you. I have downloaded the Dow Index Table from September 4th 2001 to December 20, 2001. I want you to notice on September 5th 2001 the Dow was at 10,033. It then dropped to a low of 8235 on September 21st. While the 770 drop may have been bigger than the single day drop – who gives a rip?. What does that really have to do with the companies profitability that make up the Dow? – NOTHING. If you note on the table again on 12/19/2001 the Dow went back to 10,070. I feel really sorry for all those emotional people who jumped out at 8235 and only a few months later it was back above where it was before.

Date	Open	High	Low	Close	Adj Close
12/20/2001	10064.13	10141.21	9912.76	9985.18	9985.18
12/19/2001	9994.59	10142.95	9876.96	10070.49	10070.49
12/18/2001	9893.22	10066.27	9876.19	9998.39	9998.39
12/17/2001	9809.42	9996.25	9747.77	9891.97	9891.97
12/14/2001	9764.72	9888.44	9661.14	9811.15	9811.15
12/13/2001	9889.13	9927.95	9691.3	9766.45	9766.45
12/12/2001	9887.27	9985.59	9745.42	9894.81	9894.81
12/11/2001	9925.6	10063.98	9794.48	9888.37	9888.37
12/10/2001	10047.04	10123.78	9868.03	9921.45	9921.45
12/7/2001	10099.14	10160.24	9938.54	10049.46	10049.46
12/6/2001	10113.53	10220.23	9997.98	10099.14	10099.14
12/5/2001	9891.35	10195.04	9875.92	10114.29	10114.29
12/4/2001	9765.55	9937.29	9700.24	9893.84	9893.84
12/3/2001	9848.93	9861.94	9651.87	9763.96	9763.96
11/30/2001	9828.8	9945.8	9752.26	9851.56	9851.56
11/29/2001	9710.34	9873.29	9629.72	9829.42	9829.42
11/28/2001	9867.06	9889.13	9662.8	9711.86	9711.86
11/27/2001	9980.33	10021.48	9776.07	9872.6	9872.6
11/26/2001	9961.58	10054.58	9862.22	9982.75	9982.75
11/23/2001	9833.09	9983.24	9804.37	9959.71	9959.71
11/21/2001	9894.19	9932.31	9746.45	9834.68	9834.68
11/20/2001	9968.64	10023.37	9825.06	9901.38	9901.38
11/19/2001	9870.45	10040.46	9826.96	9976.46	9976.46
11/16/2001	9871.51	9967.94	9754.07	9866.99	9866.99
11/15/2001	9824.65	9967.46	9745.43	9872.39	9872.39
11/14/2001	9751.13	9943.18	9683.97	9823.61	9823.61
11/13/2001	9551.43	9811.29	9551.43	9750.95	9750.95
11/12/2001	9606.13	9642.25	9347.76	9554.37	9554.37
11/9/2001	9586.96	9692.35	9478.75	9608	9608
11/8/2001	9558.39	9765	9506.91	9587.52	9587.52
11/7/2001	9584.68	9695.67	9457.99	9554.37	9554.37
11/6/2001	9437.09	9627.44	9315.79	9591.12	9591.12
11/5/2001	9326.59	9534.58	9326.59	9441.03	9441.03
11/2/2001	9264.52	9406.93	9152.91	9323.54	9323.54
11/1/2001	9087.45	9320.77	8987.61	9263.9	9263.9
10/31/2001	9123.64	9281.68	9018.26	9075.14	9075.14
10/30/2001	9264.52	9265.34	9011.96	9121.98	9121.98
10/29/2001	9543.37	9543.37	9232.83	9269.5	9269.5
10/26/2001	9462.28	9626.54	9369.35	9545.17	9545.17
10/25/2001	9342.29	9491.48	9143.09	9462.9	9462.9
10/24/2001	9341.4	9456.4	9218.29	9345.62	9345.62
10/23/2001	9379.17	9499.78	9249.02	9340.08	9340.08
10/22/2001	9203.91	9438.75	9101.08	9377.03	9377.03
10/19/2001	9162.81	9278.36	9027.74	9204.11	9204.11
10/18/2001	9230.75	9310.33	9061.02	9163.22	9163.22
10/17/2001	9389.76	9539.22	9199.89	9232.97	9232.97
10/16/2001	9346.31	9479.37	9239.68	9384.23	9384.23
10/15/2001	9340.84	9417.51	9181.07	9347.62	9347.62
10/12/2001	9409.07	9426.3	9146.34	9344.16	9344.16
10/11/2001	9242.63	9522.61	9204.04	9410.45	9410.45
10/10/2001	9052.3	9305.97	8975.15	9240.86	9240.86
10/9/2001	9066.56	9168.42	8927.34	9052.44	9052.44
10/8/2001	9115.75	9187.85	8937.86	9067.94	9067.94
10/5/2001	9058.83	9208.41	8894.47	9119.77	9119.77
10/4/2001	9127.24	9259.61	8982.28	9060.88	9060.88
10/3/2001	8946.02	9193.32	8800.99	9123.78	9123.78
10/2/2001	8836.69	9001.03	8737.61	8950.59	8950.59
10/1/2001	8845.97	8931.7	8659.9	8836.83	8836.83
9/28/2001	8679.07	8945.68	8633.75	8847.56	8847.56
9/27/2001	8567.46	8757.47	8398.14	8681.42	8681.42
9/26/2001	8660.06	8766.81	8457.37	8567.39	8567.39
9/25/2001	8605.59	8778.23	8435.56	8659.97	8659.97
9/24/2001	8242.32	8733.39	8242.32	8603.86	8603.86
9/21/2001	8356.56	8484.22	7926.93	8235.81	8235.81
9/20/2001	8375.72	8711.38	8304.45	8376.21	8376.21
9/19/2001	8903.54	8990.37	8453.01	8759.13	8759.13
9/18/2001	8922.7	9126.89	8743.91	8903.4	8903.4
9/17/2001	9294.55	9294.55	8755.46	8920.7	8920.7
9/10/2001	9603.36	9740.44	9431.07	9605.51	9605.51
9/7/2001	9841.25	9842.08	9507.04	9605.85	9605.85
9/6/2001	10028.35	10053.73	9762.03	9840.84	9840.84
9/5/2001	9998.12	10140.79	9820.98	10033.27	10033.27
9/4/2001	9946.98	10238.5	9858.34	9997.49	9997.49

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