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The Last Time The Dow Was Here…

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Dow Jones Reaches Record High

The Last Time The Dow Was Here…
Tyler Durden’s picture
Submitted by Tyler Durden on 03/05/2013 09:36 -0500

“Mission Accomplished” – With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that “we all know it’s going to end badly, but in the meantime we can make some money” – ZH translation: “just make sure to sell ahead of everyone else.”

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
    Regular Gas Price: Then $2.75; Now $3.73
    GDP Growth: Then +2.5%; Now +1.6%
    Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
    Americans On Food Stamps: Then 26.9 million; Now 47.69 million
    Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
    US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
    US Deficit (LTM): Then $97 billion; Now $975.6 billion
    Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
    US Household Debt: Then $13.5 trillion; Now 12.87 trillion
    Labor Force Particpation Rate: Then 65.8%; Now 63.6%

One thought on “The Last Time The Dow Was Here…

  1. There is no reason whatsoever to think that this will not self correct in the coming months.

    In other words: Sell, Mortimer, sell!

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