Dow 10,000 nostalgia
Today’s brief foray above 10,000 for the Dow Jones Industrial Average will receive a lot of media play. We love round numbers, anniversaries and lists.
Just remember that 10,000 means we’re back where we were a year ago — and where we were a decade ago. Here’s the front page from The Wall Street Journal of March 30, 1999.
Don Mecoy
Business Writer
Lawsuit seeks all the money in the whole world
Dalton Chiscolm has filed a lawsuit against Bank of America seeking “1,784 billion, trillion dollars,” Reuters reports. He would like it placed in his account today, according to the lawsuit. He’d also like another $200 million.
His case is as clear as mud.
“Incomprehensible,” U.S. District Judge Denny Chin said in a brief order.
“He seems to be complaining that he placed a series of calls to the bank in New York and received inconsistent information from a ‘Spanish woman,’” the judge wrote. “He apparently alleges that checks have been rejected because of incomplete routing numbers.”
Don Mecoy
Business Writer
