7 Comments

That was a post-Bear Stearns high, not an all-time high. The all-time high at closing was 14,164 in 2007.

It's always instructive looking back at the financial indicators over the 2006-2008 period and remembering that the economy was showing signs of recession <em>before</em> Bear Stearns collapsed - and remembering that the financial crisis was <em>caused by</em> the housing bubble starting to burst, not the other way round.

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I thought it was being replied to, not fisted up, that perpetuated your mistakes.

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Case in point, <a href="http:\/\/www.abajournal.com\/news\/article\/sec_accuses_goldman_sachs_of_selling_mortgage_investment_designed_to_fail\/" target="_blank">Abacus</a> - was some smartass prick thinking "yeah, as in, you do math huh huh huh SUCKERZ!"?

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That's the real "oh boo fucking hoo" line.

"We've screwed the masses so hard so long, we're actually gonna have to throw them a frickin' bone for once to keep them alive so we can keep sucking their blood."

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Sounds like a good way to get skulls to fuck.

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Yes, just like he was also to blame for that all-time peak (both absolute value and inflation-adjusted) in July of 2008, <em>and</em> the crash that brought prices all the way below $2 on inauguration day.

Today I'm not feeling so stabby. Today I'm feeling more clubby.

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I'm sure Mitt's <em>also</em> somehow responsible for the uptick in the French and German stock exchanges when the Socialist won the French election.

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