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DOW DIP OF OF OCT 1987 VS. DOW DROP OF 2007
My, what a difference 20 years makes. In 1987 the Dow dipped 508 points, or 22.6 percent points for a whopping 23% drop in value, nearly one quarter of its value vaporizing in less than five hours of trading.
On November 1, 2007 the Dow dropped 362 points for “token” 2.6% drop in market value.
What’s the big difference? Simple: The 1987 Dow was only at 2247 so when it dropped 508 points down to 1739, it was catastrophic.
To put matters in perspective, today it would take a whopping 3200 point freefall to equal 23%! What’s more, 3200 points today is more than the entire Dow was 20 years ago when it was at its “high” of 2247 before Black Monday.
So, how is this possible? That’s a tenfold differential!
Conducting Talk Show interviews on this topic is Swiss America CEO Craig Smith, who gives a crash course in value in 10 minutes. Included in his rapid-fire litany is dollars, Euros, Yen, China, gold, stocks and real estate. In short, a worth-less dollar is the culprit. Not that the dollar is worthless, just worth less—and less and less every passing day. That worth-less dollar shoots up the price of gold, inflates the stock market and puffs the price of real estate, which Smith says is really in bad shape for it to have peaked and headed on a downward spiral, even in a worth-less dollar market.
Is oil really worth the 100 dollar a barrel price we’re about to see?
Craig says “yes and no.” No, it’s not worth anywhere close to 100 good old American dollars. But yes, it’s worth more when measured in bad new, “worth-less,” dollars.
Get it? No worry. Just open your phone lines and turn your audience loose with all of their financial questions to Craig R. Smith.
About the Author/Speaker...
Craig R. Smith is the president and CEO of Swiss America Trading Corporation, one of the largest and most respected investment coin firms in the U.S. Smith is an author, commentator and economic analyst who instantly engages audiences with his common-sense perspective on national and global economic trends. Over the past two decades he has been interviewed on over 1,500 radio and TV programs including: FOX News, CNN, CNBC, ABC, NBC, CBS, PBS, TNT, CBN, TBN, Time, The Wall Street Journal, The New York Times, Newsweek and World Net Daily. He currently resides in Phoenix, Arizona.
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