It also means that the index virtually didn't move from June 1st, 2001, or 10 years and 7 months before, when it closed at 1260.67.
Welcome to the new brave world of ZERO ;)
Source: Google finance
Still. ZERO is better than BEAR MARKET declared by Reuters at the beginning of October this year...
Source: Reuters 2011-10-04
Since the low of 1099.23 on October 3rd, the market rallied 11.15%.