- Feb 10, 2005
- Reaction score
- Montgomery, Al
CHAPEL HILL, N.C. (MarketWatch) — The stock market is poised today to do something it has not done in over 33 years: Decline for nine straight sessions.
Jimmy Carter, a picture shown in 2010, was president the last time the Dow industrials suffered a nine-day skid.
The last time the Dow Jones Industrial Average did that, in fact, was Feb. 22, 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.
Isn’t it comforting to know that we’ve made such progress over the last three decades?