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 May 9, 1989
Full News Archive
- Headline: Dow Jones Industrial Average Retreats Again. Impact: The Dow's 5.49 point decline triggered a chain reaction that led to the invention of countless motivational posters. The phrase 'Every point counts!' became the unofficial slogan of the 1990s, inspiring millions to chase their dreams, or at least their stock portfolios, with equal vigor.. Fact: The Dow's fluctuations are like a soap opera—full of drama, unexpected twists, and characters you wish would just disappear. Spoiler alert: it always comes back for a sequel..
- Headline: Computer Sciences Targets Private Sector Needs. Impact: Computer Sciences Corporation's shift to the private sector inadvertently paved the way for the tech industry to become the wild west of innovation. Suddenly, every tech startup was a cowboy, and venture capitalists became the new gold rush barons, leading to the rise of avocado toast consumption as a staple diet for millennials.. Fact: If you think about it, the focus on the private sector is just a fancy way of saying, 'Let’s make money and avoid all that government red tape!' Because who needs regulations when you have a good Wi-Fi connection?.
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)