Dow Jones Opens At All-Time Highs And Economic Optimism Hits 15-Month Low!! JIM CRAMER: ‘We all know it’s going to end badly’

Stocks opened higher Tuesday, with the Dow Jones Industrial Average topping its all-time high, boosted by upbeat economic data from Europe and as China pledged to meet its growth targets.
http://www.cnbc.com/id/100522542
Dow Jones Opens At All-Time Highs
On October 11th 2007, the ‘old’ Dow Jones Industrial Average reached its previous all-time high of 14,198.10 (with the all-time closing high of 14,164.5 on October 9th) as plans for the MLEC were rumored to save the world from the intensification of stress in the interbank funding markets. A week later, the Dow had dropped 5.5%; a month later it had dropped 8.5%; three months later it had slumped 18%. But, this time the ‘wealth effect’ will be different-er.



and what brought us here… from the Oct 2007 highs… remember this is not the same Dow as it was back then…


http://www.zerohedge.com/news/2013-03-05/dow-jones-opens-all-time-highs

The Last Time The Dow Was Here…

“Mission Accomplished” - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables):  “we all know it’s going to end badly, but in the meantime we can make some money” - ZH translation: “just make sure to sell ahead of everyone else.”

• 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

http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here

Druckenmiller says ‘it’s going to end very badly’

March 5, 2013, 9:25 AM

Hedge fund legend Stan Druckenmiller Tuesday suggested that the market’s current surge could continue for a while, but is likely to end and end badly.
Druckenmiller, who appeared on CNBC Tuesday, said in the interview that “The party is going on and money is being pumped in.”
http://blogs.marketwatch.com/thetell/2013/03/05/druckenmiller-says-its-going-to-end-very-badly/

Economic Optimism Hits 15-Year Low!!
The federal economic policies confidence gauge fell 11% to 35.5, also a 15-month low. The six-month outlook index cratered 18% to 38.8, the worst since October 2011. The personal financial outlook reading lost 4.4% to 52.2, though that’s still above the neutral 50 level separating optimism and pessimism.
Read More At IBD: Economic Optimism Plunges; 59% Say U.S. In Recession: IBD/TIPP Poll – Investors.com http://news.investors.com/economy/030513-646760-ibd-tipp-economic-optimism-index-dives-in-march.htm#ixzz2Mg9EHg6b