The DJIA from a year ago to now is shown in the above Figure. As much as we may be pleased by the significant rise in the Dow we must look at it a year ago, after Bear Stearns had already dies and when Lehman was nearing its end and when the mortgage problems were well know and before the current Administration.Things have not really gotten that much better in the short term. In fact we are basically where we have been since the collapse. Things are not only not better but they are not getting better. Yet they are not getting worse which may be a small advantage. It is strange to see many people viewing the market as improving. One must look backward and see little if any progress.
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