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Dow at record high, but "it's going to end very badly," hedge-fund legend predicts - Wealth Managers

March 05,2013


Zero Hedge offers startling picture of economy in 2007 versus today

Dow at record high, but

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Yes, the Dow Jones has hit all-time record highs, but according to hedge-fund legend Stanley Druckenmiller: "The party is going on, and money is being pumped in," but it can't last.

"The party can continue for awhile," he allowed. "I don't know when it's going to end, but my guess is it's going to end very badly." And he added a word of caution for investors only just being drawn into the markets after years of holding back: "If you're going to play ... for God's sake play in liquid instruments."

* 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.



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