re: So the Dow set a record-high today...

"kiwitiger" rearranged is "wikitiger"

wiki is big on "counterparty risk" and "anonymity" as reasons to use bitcoins.

Hmmmmm.........???

quote:

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"kiwitiger" rearranged is "wikitiger"

wiki is big on "counterparty risk" and "anonymity" as reasons to use bitcoins.

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Why is it I laugh my arse off at this bitcoin nonsense every time its brought up? That bitcoin thread had me rolling.

What is more interesting is the data comparison between the previous high in 2007: LINK The only positive in the whole bunch is the reduction in household debt probably due to a ton of foreclosures.

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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%
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