The Last Time The Dow Jones Was Here … What Could Possibly Go Wrong?

The Last Time The Dow Was Here… (ZeroHedge, March 5, 2013):

“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 to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables):  “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
  • GDP Growth: Then +2.5%; Now +1.6%
  • Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
  • Labor Force Particpation Rate: Then 65.8%; Now 63.6%
  • 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
  • Consumer Confidence: Then 99.5; Now 69.6
  • S&P Rating: Then AAA; Now AA+
  • VIX: Then 17.5%; Now 14%
  • 10 Year Treasury Yield: Then 4.64%; Now 1.89%
  • EURUSD: Then 1.4145; Now 1.3050
  • Gold: Then $748; Now $1583
  • NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

1 thought on “The Last Time The Dow Jones Was Here … What Could Possibly Go Wrong?

  1. It is set to go wrong. They are setting it up for the suckers to jump in and lose their money. When a market is completely controlled by a few individuals running huge multi-million dollar funds, it isn’t a reflection of the people’s economy any longer. When over 80% of all transactions on the Big Board are High Frequency (when huge amounts of securities are bought and sold in less than eight seconds), that isn’t investing, it is skimming, and used to be illegal.
    They are pumping the hell out of this market using every artificial strategy they can to say ” Hey, jump in, you, too, can be rich.” It is all smoke and mirrors, there is nothing behind this but false spread sheets and debt.
    What a sham, pretty much like our so-called democracy.

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