click for larger graphic

Source: WSJ


As Chris White of Dewiler Fenton noted recently (hat tip Art Cashin), lots of things have changed since the last peak in 2007:

Dow Jones Industrial Average: Then 14164.5; Now 14,304
GDP Growth: Then +2.5%; Now +1.6%
Unemployed: Then 6.7 million; Now 13.2 million
Food Stamp users: Then 26.9 million; Now 47.69 million
Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
Debt as a Percentage of GDP: Then ~38%; Now 74.2%
Total US Debt: Then $9.008 trillion; Now $16.43 trillion
Consumer Confidence: Then 99.5; Now 69.6
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
Gold: Then $748; Now $1583
NYSE Average daily volume: Then 1.3 billion shares; Now 545 million shares

All told, quite astonishing.

Category: Digital Media, Investing, Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Markets Then & Now”

  1. PeterR says:

    Great graphic — thanks.

    Hard to imagine that the huge increase in Fa(r)ceBook users has been responsible for all the other miserable news!

    Post Hoc Ergo Propter Hoc . . .


    “I am still working hard on the pending 20% correction at this SPX 1550 triple top. I love the smell of low VIX in the morning.”

    2001 — A Space Odyssey

  2. JohnnyVee says:

    This time its different.

  3. new slang says:

    Looks to me like the S&P 500 P/E is closer to ~18?

  4. 873450 says:

    Clearly, 99% (students, workers, aging boomers, seniors, borrowers, savers, etc.) is not participating in a snail’s pace economic recovery, much less growing prosperity enjoyed by bailed out 1%. Nothing unusual about that 30+ year trend, except the great divide’s rapid expansion pace.

    Democrats mistakenly elected a moderate republican POTUS. Almost immediately, before his own party and constituents realized it, the extreme right wing GOP, banking industry, medical insurers, big pharma, etc., all correctly perceived the inexperienced President Obama’s unforeseen inability to stand up against political opposition. (The Clintons, having survived the modern day political hell inflicted on any democrat occupying the White House, saw Obama’s weaknesses and naïveté too, but Ted Kennedy snuffed out their plans to exploit them. Any DNC regrets?) Bent on his absurd “We are all in this together and want the same outcome” bipartisan governing strategy, Obama’s proclivity to show his cards up front and compromise himself before any negotiations commence has crippled his domestic agenda. So far, his legacy is getting elected, a Nobel Peace Prize, weak healthcare reform legislation, a temporary end to neocon imperialism, killing Osama bin Laden, terrorist killing drones (supported by a majority of Americans) and humiliating Wall Street capture rendering his already weak financial reform legislation simultaneously ineffective and perversely accelerating inequality.

  5. Angryman1 says:

    It is called a financial crisis, come back in a few years, I bet there are some big drops……

  6. The Window Washer says:

    WGDP 2007 $55.8t
    on track for
    WGDP 2012 $75.t

    Looks about right for overseas profits.

  7. jwhjkh says:

    All true. Also S&P 500 operating profits are 18% higher (2012 vs. 2007).