some of that stimulus out of the economy at the very same time that the emerging markets are melting down. so often times we use the terminology perfect storm. well, this looks like a perfect storm, not to mention the fact that august is very is a time when a lot of investors and traders are on vacation, so we don t have the kind of stability in trading to really see what this would look like when everybody is in the market, right? we have very thin trading. in addition to that, we have volatility just going very we ve seen a lot of volatility today and last week, poppy. absolutely, and then overnight in asia and right now in the final hours of trading in europe. thank you very much. we re going to get a quick break in. much more of this remarkable day on wall street that s looking a lot better than it did at the open. still a huge sell-off, down 491 points. back in a moment. (music)
continue magellan. fleet left the spanish mainland three years earlier hoping to find a western route to the spice islands of indonesia. for months that gel land and men searched for a way through the pacific ocean of the the expedition eventually found a narrow passage at the southern tip of chile and sailed through it through the philippines. there the europeans agreed to help out a native chief attack a rival tribe. sailors continued their journey and made it a round trip 491 years ago today. and now you know the news most of it. see our cube? this cube has been with us a few years when we redid this studio. the cube is very big but it s ornery. it s very difficult it s been very difficult along the way to get to it act right.
take a look at how some of them have fared since the low after the financial crisis from 2009. some of these stocks are up 200%, 300%, some are up 400%. american express up 491%. home depot up 286%. so you ve seen huge moves overall here for some of these stocks. one of the reasons that you ve seen so much activity in the market is because we re recovering from the worst recession and financial crisis of our lifetimes, but we ve also seen the fed putting amazing amounts of money to work in the american economy. $85 billion every single month, putting it into the economy. that s cash. we talk about the sequester, forced spending cuts. $85 billion coming out of spending over the next seven months. it matters, it really matters. but for stock investors it tells us corporations are sitting on a ton of cash. they re making profits without hiring a bunch of people and things are good for corporate
of the market, in the beginning of 2009, it will be rocky, it ended up being march. look what you would have done if you had american express stock. 491% higher. home depot, 286%. caterpillar, 275%. walt disney, 257%. general electric, 214%. in 2009, you would have done well. 2010, 2012, so far, we were expecting it to gain maybe six, maybe more. so just tells you nied to understand how to diversify your money and put it into the symptom market to get it wostoc market and get it working for you. the dow was 6500 in march of 2009. 14,263 now, brooke. makes you think, gosh, had i gotten in on some of the companies a couple of years go, ali velshi, thank you. a story has a lot of you talking, asking questions. we have elderly ones we love here in homes in america, just a
express up 491%. home depot, up 286%. take a look at some of the household names there. those are the kinds of names that have been driving the dow jones industrial average to record highs. but, here s the thing, i was reading a cnn money article from your friend and mine, paul la monica, he was saying, hey, i m not popping the champagne bottles yet, not everyone is feeling this. how many people have told you, great, the dow is at record highs, but what about me? i need a job. doesn t help 12 million people still out of work. doesn t improve an almost 8% unemployment rate. and, look, not everyone is invested in the stock market. gallup finds 53% of americans say they have mutual funds or retirement accounts that they own stocks. 53 out of 100 people say, yes. and that s the lowest number since 1998. so fewer people today invested in stocks that were a decade ago, and not everybody is