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Friday, August 05, 2011

Dow’s losing streak now in ninth day

How does that bumper sticker go...."And you thought Jimmy Carter was bad?!"....

The last time the Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -4.31% 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?"

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