ON this date in 1997 - The Dow Jones industrial average passed the 7,000 mark for the first time.
The day ended at 7,022.44.
Nobel Prize winning economists Bun Man and Mr. Purple sounded a cautionary note regarding this 'spike' due to the sub-prime market and wildcat Banking strategies, but no one wanted to listen; they only wanted to ride.
They requested their local radio station play Led Zeppelin's "When the Levee Breaks..."