March 26, 2013: New Dow All time High today, Happy Days are Here Again!

 

by John Galt
March 26, 2013 17:30 ET

 

 

Today the Dow Jones Industrial Average closed at a new all time high of 14559.65.

To add some perspective to this resurgence in the market and what happens when government and the Federal Reserve meddle, I thought a visit to economic disasters of the past might be in order:

DJIA_1933v2013JGFLA

I don’t think that any other comments are necessary. Just beware the consequences of manipulated markets and the rush to the exits when everyone who got screwed the first time around decide to run for the exits and recover their losses from 2007-2009.

(FYI, the thumbnail pic is that of none other than the ORIGINAL supporter of government meddling in capitalism and the economy, Federal Reserve Chairman Marriner Stoddard Eccles, an advocate of FDR’s socialist policies.)

 

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