Dow at All-Time High: What Has Changed?
The Dow climbed to 14253.77 on Tuesday to set a new all-time high. The economic landscape has changed a great deal since the previous record was set in October 2007:
- 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
Source: WSJ