feb 6, 1966 - Dow Doubles

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On this day in 1966, the Vietnam-era U.S. bull market came to an end. The S&P 500 was at 94.06 and the Dow Jones Industrial Average stood at 995.15. In 1966, the Supreme Court ruled that accused criminals must be read their Miranda Rights in order to be convicted, and the U.S. Department of Transportation was created. A new car cost an average of $2,650. The U.S. economy was booming in the 1960s. An increasing number of Americans bought stocks throughout the decade, sending the Dow near 1,000 for the first time in January 1966. In fact, the huge market boom of the 1960s was not unlike the boom of the 1920s. Between February 1956 and February 1966, the Dow more than doubled, gaining 111%. Interest rates played a key role in the longevity of the rise. Its also called the flash crash of 1962.

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