World’s most famous groundhog Punxsutawney Phil saw his shadow today, forecasting six more weeks of winter. As we said on Friday, the Dow Jones Industrial Average is in a deep freeze of its own. It traded in negative territory for 93 percent of the day on Friday, according to Dow Jones.The Dow also logged its worst January performance in its 113-year history in 2008 and in January had its biggest monthly point and percentage drop since October 2008.
The Dow was hovering below 8,000 midday on Feb. 2. Hopefully for the Dow Bill Murray’s weather prediction in the 1993 classic based on today’s holiday (“It’s gonna be cold, it’s gonna be grey, and it’s gonna last you for the rest of your life”) won’t come true.
And, because we know you’re in the mood for it, here’s a clip from “Groundhog Day”:
