Dow ’28-38

Interesting read, except I am unfortunately not as optimistic because looking at what pulled America out the Great Depression I don’t see such opportunity this time around. We’re already at war, already predominantly dual house-hold incomes, and greatly reducing manufacturing jobs.

Apparently I’m not as optimistic as Wall Street either seeing as the Dow is up about 2% today despite a 1.1% jump in consumer prices for June alone, but that’s basically the article’s point.

Then again a close look at the Dow from 1928 to 1938 by no means gives reason to think today’s jump means the bottom is behind us.