Pointner: The challenges of navigating the economy as a small business
On Aug. 2, 2013, the Dow Jones Industrial Average, an index of 30 of America’s biggest and most well known companies, reached a milestone that it had never before seen: on this date, it closed at 15,658.36, its all time high. Although in the three weeks that followed, the index lost 4.13 percent when it closed at 15,010.51 on Aug. 23, it nonetheless sat 129 percent above its March 9, 2009 closing, when the Dow “bottomed out” at 6,547.05.
Imagine if your home was worth $250,000 on this important stock market date when the Dow began its ascent to its record high. If your home increased at the same rate, it would have been worth more than $573,000 just a few weeks ago.
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