How Now Dow Jones
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- July
- 26
As of this blogging, the Dow Jones Industrial Averages is plummeting by the second, down somewhere in the vicinity of 360 points. The market is nuts, wilder than a Playland ride…and I don’t pretend to understand it.
But I had to laugh when a newspaper colleague recently handed me a copy of the last edition of the Today newspaper, a Gannett daily that we had worked on in days of yore. Not to be confused with the still vibrant national paper, USA Today, our Today was a local Westchester metro effort that was produced during the New York City newspaper strike in 1978. Today came out in the morning and was sold at newstands and vending boxes for 15 cents.
It did very well for awhile and was put to sleep five years later. The last issue came out on Feb.4, 1983.
Now, where was I? Oh yeah, the stock market. So I was perusing the last Today and I saw this headline in the business section—“Dow gains 2.02”
Like that was big news, which I guess it was nearly a quarter of a century ago when the market ebbed and lowed in micro digits. The two-point gain put the Dow at 1,064.66. (The S&P Index was 144.26.)
Compare that to last week when the Dow topped 14,000, Since then, it’s dipped under 13,500 in a seeming free fall.
This entry was posted
on Thursday, July 26th, 2007 at 3:34 pm by Phil Reisman.
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Phil Reisman is a veteran journalist and native of Westchester County. He began his career in 1977 as the head copy boy of a startup New York City newspaper that quickly went belly up. Reisman was not to blame for the newspaper's failure, or so he claims.
