The Last Time The Dow Was Here...
source: http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
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- Dagum
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http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
"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", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...GDP Growth: Then +2.5%; Now +1.6%
Regular Gas Price: Then $2.75; Now $3.73
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...
Continued at:
http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
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- Tyler
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Vic_Romano
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I'm waiting for their take on what Jim Cramer will say tonight.
It's almost comedic in the sense that people *STILL* take CNBC as a reliable and disinterested market news source.
- 3 months ago
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Vic_Romano
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Dagum
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Vic_Romano:
I watch Comedy Central, I mean CNBC, sometime for a good laugh. Unfortunately I know a lot of elderly folks who think CNBC is something other than entertainment and lose their money accordingly.
- 3 months ago
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Dagum
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Vic_Romano
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Dagum:
At this point, anyone investing on anything CNBC reports is just looking to throw away their money.
Blast from the past.....
- 3 months ago
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Vic_Romano
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Dagum
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Vic_Romano:
Love Stewart for that.
- 3 months ago
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Dagum
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hawk5000
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Vic_Romano:
Oh it has been far to long since I watched this clip from The Daily Show. Thanks for bringing that gem back to the surface.
- 2 months ago
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hawk5000
