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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.
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”
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