The Struggle for Survival is an Incredible Waste of Time
After yesterday’s post about breaking up the banks and The Newsroom’s mention of U.S. economic performance under Glass-Steagall, Ape Con Myth decided to dust off The Tao Jones data set and take another look at the full history of the Dow Jones Industrial Average, from 1896 through last Friday.
This time we’ll look at 31,490 trading days using Glass-Steagall’s tenure as the yardstick…
(click the image to enlarge)
For more exploration of the Dow, check out The Tao Jones.
Previously Ape Con Myth explored the history of the Dow Jones Industrial Average through the lens of the Tao Te Ching in a project known as The Tao Jones. Given the recent activity in the market, we have returned to that work to seek wisdom, or at least some perspective and an update on a couple of charts…
On day one, May 26th, 1896, the Dow closed at 40.94.
Yesterday, 31,246 trading days later, it closed at 11,236.77.
What happened in-between? Here’s everything:
(click to enlarge)
While there was plenty of drama beforehand, below we zoom into more recent history, starting in 1982 when the Dow left the 1k threshold behind after 18 years of bouncing between 800 and 1,000. Taking the powers of ten as developmental milestones, the Dow is currently working to leave 10,000 in the dust. It first crossed the line on March 29th, 1999. Since then it has recrossed that line 34 times, the last just under a year ago on August 27, 2010.
Don’t be surprised if it has to again.
(click to enlarge)
Yet, all hope is not lost! Although they currently put the Dow around 9,500, Ape Con Myth’s ‘not-to-be-considered-investment-advice’ projections say dawn will break in mid-2013, with 30,000 waiting for us by the end of the decade.
But don’t rush to the end, start at the beginning…
Trying to understand Ape Con Myth is like trying to understand the Tao Te Ching.
Let’s see what we can learn about both from three translations of chapter 21…
[11 translations and the original Chinese available here]
Ape Con Myth is calling it. On December 31st, 2019, the Dow Jones Industrial Average
might close at 30,673.61. So there.
go to Part 4
go to Part 3
To know yet to think that one does not know is best;
Not to know yet to think that one knows will lead to difficulty.
It is by being alive to difficulty that one can avoid it.
go to Part 2
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The Tao Te Ching is a classic Chinese text |
The Dow Jones Industrial Average |
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| The Tao is concerned with “the Way”. | The Dow is concerned with “the Market”. |
The Tao Jones is concerned with “the Way of the Market”.
go to Part 1