"The Dow Jones Industrial Average Closes Above 12,000 For The First Time," Reports Houston Asset Management, Inc.HOUSTON -- The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. recorded its first close above 12,000, October 19, 2006 closing at a new record 12,011.73. This investment milestone occurred on the 19th anniversary of Black Monday Black Monday, Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones Average fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33 million shares, exceeded previous records. , October 19, 1987 when the Dow fell 508 points. The astute investor who recognized this opportunity and invested that day has watched their investment grow 10.53% per year, or $10,000 invested in the Dow Jones Industrial Average on October 19, 1987 would be worth $67,007 today! David I David I, king of Scotland David I, 1084–1153, king of Scotland (1124–53), youngest son of Malcolm III and St. Margaret of Scotland. During the reign of his brother Alexander I, whom he succeeded, David was earl of Cumbria, ruling S of the Clyde . Lampe, CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). , President, Houston Asset Management, Inc. notes that successful investment planning requires investors to employ reasonable investment time horizons. Mr. Lampe says, "Successful investment results require time in the market, not timing the market!" |
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