Dow Jones Industrial Hit All Time High

Congrats, so-called "One Percent" in the US and the world. All the gains since the so-called "Lehman Crash" which may or may not have been engineered by the JPM and Hank Paulson (see Zero Hedge, here and here) have gone to you exclusively.

The rest of us got double the unemployment, nearly double the food stamps between October 2007 and March 2013. The household disposable income has declined, gas price is 36% higher.

Zero Hedge has the nice bullet points comparing the highs, then and now:

"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

Ah good old October 2007. That was when Google was approaching the then-all-time high. I had a November call option of Google at $750. November came, and it was Nasdaq's multi-year high. Just when Google was about to breach $750, the stock and Nasdaq went haywire, for no apparent cause, taking the other indices with it. The stock market tried to recover in December, but when the Pakistani presidential candidate (Benazir Bhutto) died during her campaign the stock indices started the march downward again. They went down almost every day for the month of January 2008.

(Google went from $747.24 to $412.11 in slightly over four months.)

Investor's Business Daily's IBD/TIPP Economic Optimism Index has plunged to a 15-month low of 42.2. The federal economic policies confidence gauge fell 11% to 35.5, also a 15-month low.

Buoyed and encouraged by the rising stock market that correctly reflects the real market, no doubt, the federal government is giving away aids to Egypt and Pakistan, and hiring new employees.

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