The Last Time The Dow Was Here...

Tyler Durden's picture

"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...

  • 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%
  • Consumer Confidence: Then 99.5; Now 69.6
  • S&P Rating of the US: Then AAA; Now AA+
  • VIX: Then 17.5%; Now 14%
  • 10 Year Treasury Yield: Then 4.64%; Now 1.89%
  • USDJPY: Then 117; Now 93
  • 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

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Esso's picture

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

GetZeeGold's picture



We will be focusing on the DOW today.....and nothing else.


You can leave now.

Awakened Sheeple's picture

Fuck it!


Let's knock out S&P's high while we're at it!!

GetZeeGold's picture



The new printers have arrived.....why the hell not?

Divided States of America's picture

Well, the Dow is late to the new high list, Student loans, entire US Debt, # of ppl on food stamps, firearm sales, credit card debt, lies by politicians. Those have been hitting new highs the last few years...and still going higher.

bania's picture

nice nominal accomplishment!

Downtoolong's picture

Great, now we can finally all sell at the same time and get our money back, right?

Real Estate Geek's picture

On three. Ready? One . . . Two . . .

Water Is Wet's picture
  • US Debt as a Percentage of GDP: Then ~38%; Now 74.2%

When in doubt, tell outrageous lies.

Joe Davola's picture

Which is fudged worse - the numerator or the denominator?

Woodyg's picture

That doesn't count the Social Securityy funds stolen into the general fund - of course that makes it a tax increase on the poorest and middle class but whose counting.

The fact they trot out the number minus the SS funds proves the politician has no intention of honoring those payments working Americans made for decades.

What's guaranteeing those SS funds get repaid? Nothing - it's just a piece of paper with some scribbling on it.

Kind of like that old document called the constitution - it's just parchment - that's all.

Joe Davola's picture

Government's version of GAAP vs. non

Glass Seagull's picture



But what was the total US share market float?

Shizzmoney's picture

Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million

Yet we reach all time highs.

Man is this society fucked.  What a lot of dumb, stupid, ignorant people.

BTW I love how the only deficit that deleveraged was the Household Debt. 

Hughing's picture

..and it's the household deleveraging that will get the blame for (cause of)  the Fed's balance sheet. Never mind that the inflation wipes out the gains from deleveraging.

Shizzmoney's picture

Thankfully for our corporate masters, wage deflation is at record levels......the consumer would have deleveraged MORE if they got paid like they should for their labor.

Totentänzerlied's picture

Bullshit. They would have celebrated with a shopping spree like they always have. They dug their own grave but now they're too stupid and arrogant to just lay down and die.

Shizzmoney's picture

This is true...if you are over the age of 50.

Those 50 and older actually INCREASED their household debt by 8% since the Great Recession started.....and those under 35 have actually deleveraged at a rate of around -28%.

So, the younger worker is starting to get it: get lean, get liquid, and pay off debt.  Then you don't have so many monetary pressures when SHTF.

Boomers?  They are still doing the same old shit.


Boxed Merlot's picture

So, the younger worker is starting to get it: get lean, get liquid, and pay off debt. Then you don't have so many monetary pressures when SHTF...


I sure hope so.  I, unfortunately am one of your "boomers" that hopes my kids share your outlook.  After trying to be responsible and not buy into the joke of residential property valuations, I nonetheless suffered at the hands of the financial criminals decimation of the US middle class.  Lean, liquid and out of debt is admirable but please don't abdicate the rule of law in your quest for fulfillment.  Not all boomers are as FOS as you may presume.  Anarchy is not all it's cracked up to be, imho.

Restore the Constitutional Republic. 

Lost Wages's picture

What? Dow Chemical stock is at $14,000? My buy & hold strategy finally paid off!

Bad Attitude's picture

Looks fantastic. What could possibly go wrong?

Time to top off your stocks of beans, bullets, bandages, and PMs.


Jim B's picture

Green Shoots anyone? 



lakecity55's picture

Think, tho, if you count in 10 years of inflation, it's (the market) probably only 10,000 in 2002 dollarz.

jaap's picture

And 6615 in gold terms...

Global Hunter's picture

The DOW is emulating its little cousin the Harare Industrial Average

matrix2012's picture

@ Global Hunter

I  just overheard the Harare, did you really mean the Harare in SIMBABWE, Africa???

I learn that its dollar is the largest... surely Uncle Ben gets something to learn from there eventually.

thismarketisrigged's picture

just like in sports where we here all these analysts saying how someone on roids should have a major asterisk next to there name, well this market should have 20 x the asterisk on this run. its not impressive when u pump stocks up by printing money. anyone can do that.


no stock is being printed as much money as google. fucking joke

Cognitive Dissonance's picture

See.....I told you.

This time is different.

DaveyJones's picture

it all depends on what the meaning of is is

and who we fuck next

and what color we dress it

kaiserhoff's picture

I did not have sex with that woman.  She had sex with me.... uh, wut?

Meat Hammer's picture

That's like saying "I'm not gay!  He sucked MY dick!"

DaveyJones's picture

it's exactly the same...except the tax write off

What is The Hedge's picture

As they say, "It ain't gay if you're pushing!"

Cursive's picture

It is a strange thing to lose all faith in one's society.  It's a mirage, a house of cards.  At least I have my guns and my religion to cling to.  I pity those who do not believe in an afterlife for it sure must be a bleak existence.

fonzannoon's picture

It's all good cursive. I am not religious. I do have faith that there is something after this but I don't know what it is.

I hope people don't let this whole facade jam them up too bad mentally. Go for a walk. Adopt a dog. A dog can teach you a lot.

This will go wherever it goes. I do hope we institute a "punch a rich banker dude in the face day" at some point. That would make me happy. There are a lot of us on here. We would jam up the cour system so bad either we would be let free or they would have to free some marijuana users from the prison's to make room for us. It would be a net win either way.

Cognitive Dissonance's picture

Don't fall for the False Expectation Appears Real trade. 

But do make hay while the sun shines.

howenlink's picture

If you look you can even find people in your own community who side with you.  But you have to get off Facebook to do that.

Raymond Reason's picture

Have some sympathy for those of us who do believe in an afterlife, and are in constant fear of hell. 

Kirk2NCC1701's picture

"There are no atheists in the foxhole of a mansion or palace." - Kirk2NCC1701

Long organized region for when TSHTF.  Because then it will be really handy -- for the rich:  It keeps the poor from murdering the rich, and the rich will pray & hope that they don't get killed by the poor.

I have abiding faith that, in the long run, Mother Nature will get her kids to toe the line, or get booted out of her pool.

fonzannoon's picture

There are no foxes in aethist holes but we never talk about that do we?

Kirk2NCC1701's picture

Ah, but did you hear that "There are no atheists in foxy holes"?  1/2 the population has heard the outcries made by the other 1/2.  ;-)

Dewey Cheatum Howe's picture

And that is the difference between wisdom and belief. Both require accepting that there is more to reality than what your field of perception sees. Belief is blind and requires no thought while wisdom is sight and does. Belief without sight is for fools.

ziggy59's picture

Translation..Its all great here on Bizarro World

Sudden Debt's picture


You entered: DOW JONES

There are 8 letters in your name.
Those 8 letters total to 33
There are 3 vowels and 5 consonants in your name.

What your first name means:

Irish Male Dark-haired.

Your number is: 6

The characteristics of #6 are: Responsibility, protection, nurturing, community, balance, sympathy.

The expression or destiny for #6:The number 6 Expression provides you a truly outstanding sense of responsibility, love, and balance. The 6 is helpful and ever conscientious, making you quite capable of rectifying and balancing any sort of inharmonious situation. You are a person very much inclined to give help and comfort to those in need.

Kilgore Trout's picture

Hey, this Dow Jones character sounds a lot like ME!

Tijuana Donkey Show's picture

Some one shoot me while I'm happy!

LawsofPhysics's picture

The complete monetization (by a relative few) continues.  Isn't fascism great?  Bailouts for them, bankruptcy and debt-slavery for everyone else.  Anyone else notice that CNBC is no longer allowing comments on their "journalism".  Full frontal naked bannana empire bitches.  Buy low and sell high, so long as selling is still allowed, I guess.  Some things never change.

mtomato2's picture

But there's always money in the banana stand...