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The last time the Dow was above 14,000...
A trader works on the floor of the New York Stock Exchange moments before the closing bell as U.S. stocks rallied today on February 1, 2013 in New York City. The Dow Jones industrial average rose more than 149 points, reaching 14,009.8, its highest closing level since October 12, 2007.
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This final note today, sending us into the weekend with some context for the Dow's close above 14,000.
The last time the blue chips were this high -- October 2007 -- turns out Beyonce was in the news back then, too. Her song "Irreplaceable" was number one that year. Ryan Gosling too -- he's in "Gangster Squad" now; back in 2007, his film was "Lars and the Real Girl."
Some things don't change that much. But yeah, times were different back then. Concrete things: The unemployment rate was 4.7 percent in October 2007. Apple stock five years ago closed at just $167.25 a share.
And after that.... the bust.
I know this is old news, but really appreciated that you put the 14k in perspective with the unemployment rate. I think as a armchair economist, this tells me that the Occupy movement was correct and that there is a chasm between Wall Street and the working man. Wall Street brokers, corporate CEOs, and trust fund babies are celebrating their shares and typing formulas into spreadsheets. At the same time, the rest of America dodged another unemployment bullet; except that not all of us did.
