Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON April 22, 1989
Full News Archive
- Headline: Cars Soar in Epic Racing Showdown. Impact: This car race marked the beginning of a worldwide obsession with speed, resulting in the invention of the ‘speedy coffee’—a caffeinated beverage that allowed drivers to stay awake long enough to achieve their dreams of reckless driving.. Fact: In 1950, racing cars were so fast that they often outran their own drivers' ability to control them. So, not much has changed, eh?.
- Headline: 32.08 Surge Puts Dow At 2,409.46. Impact: This stock market surge was the moment when investors collectively realized they could all pretend to be financial wizards for a few days, leading to a rise in inflated egos and the popularization of the phrase 'I'm totally not a financial advisor.'. Fact: The Dow crossing 2,400 was such a big deal, it almost made people forget about the last time they checked their retirement accounts…almost..
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1989, it would be worth $971,793 today (971.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1989, it would be worth $2,127,569 today (2127.6x return)