The market? Was that it for the consolidation? The DOW was up 10 days in a row, the longest streak since 1996. And yesterday we get a brief pause, followed by some early morning anxiety today, and now back up. Off to the races. Before I give out market thoughts, lets hop in Mr. Peabody's Wayback Machine and take a look at 1996.
- 1996 was the International Year for the Eradication of Poverty. Ah yes, thank goodness poverity is a relic of the past.
- The Dallas Cowboys beat the Steelers in the Super Bowl in January... Chicago Bulls win the NBA Championship over Seattle... Yankees beat the Braves in the World Series. Kentucky beats Syracuse in the men's NCAA Championship.
- "Unabomber" Theodore Kaczynski is arrested at his Montana cabin.
- The Onion launches its satirical news publication on the Internet.
- Dolly the sheep, the first mammal to be successfully cloned from an adult cell, is born at the Roslin Institute in Midlothian, Scotland.
- In August, Osama bin Laden writes "The Declaration of Jihad on the Americans Occupying the Country of the Two Sacred Places," his first open call for war. Also, Iraqi forces launch an offensive into the northern No-Fly Zone and capture Arbil. In November, UNSCOM inspectors uncover buried prohibited missile parts. Iraq refuses to allow UNSCOM teams to remove remnants of missile engines for analysis outside of the country.
- Fox news debuts in October.
- Star Trek: First Contact opens in theaters, and becomes one of the top grossing Star Trek films ever.
- In December, Federal Reserve Board Chairman Alan Greenspan gives a speech in which he suggests that "irrational exuberance" may have "unduly escalated asset values".
- Best motion picture of the year: The English Patient.
- Bill Clinton vs. Bob Dole for all the Presidential marbles.