Showing posts with label Happy New Year. Show all posts
Showing posts with label Happy New Year. Show all posts

Saturday, January 1, 2022

Saturday, January 9, 2016

Another achievement for Obama, the worst president ever: Worst ever opening week for stocks

Story here:

The Dow Jones Industrial Average careened into the close on Friday, finishing down 169 points, or 1%, at 16346. That left it off about 6.2% for the first five trading days of the new year. That is the worst opening five days in the index’s history, eclipsing the 5.6% drop the index had in 1978.

The S&P 500 is in the same boat. It dropped 21 points, or 1.1%, on Friday, closing at 1922 and down about 6% for the week. That is the worst opening five-day stretch for the index ever, wider than the 5.3% loss in 2008.

Friday, December 25, 2009

Decline in Christmas Card Traffic Mirrors Unemployment Rate

How do you write the annual Christmas letter, anyway, when you have to write the following: "Gee, we've been out of work for a year now, we're six months behind on the mortgage, they're coming to get the car on Monday, and we're getting heating assistance and food stamps. But other than that, Merry Christmas to you and a Happy New Year!"?

Considering that the U-6 measure of unemployment is around 17%, a similar percentage drop off in Christmas card traffic just about fits.

“A lot of my friends aren’t sending real cards this year,’’ Willingham said. “I suspect every year it will decline, just like the rest of Western civilization.’’

Go here for more on the story from Boston.com.