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Dow makes new all-time record high – chart

Almost four years to the day after the Dow made its ultimate financial crisis low, the stock market officially posts a new all-time record high–a rather remarkable feat considering where both the market and the economy were not so long ago. For some perspective, this chart illustrates the trend of the non-inflation-adjusted Dow from 1990 to the present. 

Chart of the Day
Wednesday, March 6, 2013
Wednesday, March 6, 2013

As the chart illustrates, the stock market has been especially volatile as it navigated through a couple of historic boom bust cycles (i.e. dot-com boom and bust of 1995-2002 followed by the credit boom and bust of 2002-2009). As for the post-financial crisis rally, it stands out for the obstacles that it had to overcome (e.g. housing market plunge, near financial meltdown, European sovereign debt crisis, etc.) with the Dow still being able to more than double since its March 2009 low. All in all, it has been an impressive and resilient performance.

Source: Chart of the Day

The Bahamas government is working to override economic and social challenges by reducing expenditure and raising revenue through a debt management reform strategy, Minister of State for Finance Michael Halkitis said in the House of Assembly March 4.

Executives from the Gaming Board of The Bahamas are in Las Vegas this week on a fact finding mission in preparation for the opening of a new casino at Bimini Bay on May 1 and the completion of the largest gaming facility in the region at Baha Mar resort next year. Watch a ZNS news report here.

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