Would you not agree that the April drop was the dotbombs in the tech Nasdaq? The muscle stocks of the DJIA held up quite well until 911 as graphed below.
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<HEAD><TITLE>BigCharts - Interactive Chart for Dow Jones Industrial Average</TITLE></HEAD><BODY background="" BGCOLOR="#ffffff" TEXT="#000000" LINK="#000066" ALINK="#cc0000" VLINK="#000066"><CENTER><TABLE WIDTH="100%" CELLPADDING="2" CELLSPACING="2" BORDER="0" BGCOLOR="#ffffff"><TR BGCOLOR="#333366"><TD NOWRAP VALIGN="bottom" COLSPAN="5"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="4" COLOR="#ffffff"> DJIA <FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" >Dow Jones Industrial Average (INDEX)</FONT></FONT> </TD><TD NOWRAP ALIGN="center"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#ccccff">10/1/2002 4:30 PM</FONT></TD></TR><TR BGCOLOR="#eeeeee"><TD ALIGN="center" NOWRAP><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" > <A HREF="/intchart/frames/main.asp?show=false&symb=djia&time=&freq=&country=us">hide quote</A> </FONT></TD><TD ALIGN="center" NOWRAP><A HREF="qsymbinfo.asp?sid=1643&time=10&freq=3&symb=djia"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" >detailed quote</FONT></A></TD><TD ALIGN="center" NOWRAP><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" > <A HREF="options.asp?symb=djia&sid=1643&time=10">options chain</A> </FONT></TD><TD COLSPAN=2 ALIGN="center" NOWRAP BGCOLOR="#ccccff"><TABLE WIDTH="100%" CELLPADDING="2" CELLSPACING="2" BORDER="0"><TR><TR BGCOLOR="#ccccff"><TD ALIGN="center" NOWRAP><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" ><A HREF="/favorites/add.asp?symb=djia&compidx=NASDAQ%3A3291&comp=&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=12&sid=1643&style=320&time=10&freq=3">add to favorites</A></FONT></TD><TD ALIGN="center" NOWRAP><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" ><A HREF="/favorites/list.asp">list favorites</A></FONT></TD></TR></TABLE></TD><TD BGCOLOR="#ffffcc" ALIGN="center" valign="middle"><SMALL><table cellpadding=0 cellspacing=0 border=0><tr><td><A target="help" style="cursor:help" HREF="/help/intchart.asp?symb%3Ddjia%26time%3D%26freq%3D%26country%3Dus" ONCLICK="OpenHelp('/help/intchart.asp?symb=djia&time=&freq=&country=us'); return false;"><FONT FACE="Arial" SIZE="-2" COLOR="#000066">chart help</A> </SMALL></FONT></td><td><A target="help" style="cursor:help" HREF="/help/intchart.asp?symb=djia&time=&freq=&country=us" ONCLICK="OpenHelp('/help/intchart.asp?symb=djia&time=&freq=&country=us'); return false;"><IMG SRC="http://i.bigcharts.net/images/help.gif" ALIGN="middle" BORDER=0 HEIGHT=12 WIDTH=12 alt="Help on Interactive Charting"></A></td></tr></table></TD></TR><TR><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD><TD HEIGHT=1 WIDTH="%16.66"><IMG SRC=http://i.bigcharts.net/1.gif HEIGHT=1 WIDTH=80 BORDER=0></TD></TR><TR><TD VALIGN="top" BGCOLOR="#eeeeee" ROWSPAN=2 VALIGN="middle"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">Last:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="5" COLOR="#000033"><NOBR> <NOBR>7,938.79</NOBR></NOBR></FONT></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#ffffff">Change:<BR> </FONT><IMG SRC="http://i.bigcharts.net/images/arrows/arrow_up_sm.gif" WIDTH=11 HEIGHT=11 BORDER=0><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#006600"> +<NOBR>346.86</NOBR></FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">Open:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033"><NOBR>7,593.04</NOBR></FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">High:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033"><NOBR>7,940.59</NOBR></FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">Low:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033"><NOBR>7,593.04</NOBR></FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">Volume:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033">339,912,900</FONT></TD></TR><TR>
<TD VALIGN="top" BGCOLOR="#cccccc"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#ffffff">Percent Change:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#006600">+<NOBR>4.57</NOBR>%</FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">Yield:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033"><NOBR>2.49</NOBR>%</FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">P/E Ratio:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033">21.55</FONT></TD>
<TD VALIGN="top" BGCOLOR="#eeeeee" COLSPAN="2"><FONT FACE="Arial,Helvetica,sans-serif" SIZE="0" COLOR="#999999">52 Week Range:<BR> </FONT><FONT FACE="Arial,Helvetica,sans-serif" SIZE="2" COLOR="#000033"><NOBR><NOBR>7,422.26</NOBR> to <NOBR>10,728.87</NOBR></FONT></TD></TR>
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