IEM Daily Feature
Tuesday, 22 January 2008

Dropping like a rock

Posted: 22 Jan 2008 06:02 AM

The featured chart maps the performance of Ames high temperatures with the Dow Jones Industrials index since 1 Nov 2007. Both have been on the downward trend dropping ~10% during the period. Of course, this comparison is not related as one is related to the sub-prime housing collapse and the other is related to a bitter winter, but both trends do cause a great deal of misery to Iowans! With the stock market set to tank today, temperatures are expected in the teens with perhaps one more really cold night this week before a warm up in time for the weekend. Perhaps the stock market will recover by then as well!

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Tags:   stockmarket