Dow Jones 2009 as a Sucker's Rally: The Historical Comparison with 1930

At the Business Insider, Henry Blodget presents a slide show of New York Times stories from the era comparing the 1930 stock market rally to 2009's, with skin-shivering results.

My favorite quote, from March 25, 1930: "Wall Street was in a cheerful frame of mind as a result of numerous vague reports of improvement in business and industry, but the strength in stocks was generally ascribed to the more aggressive activity of professional interests committed to the advance."

Tim Cavanaugh blogged the other day on the rip-roaringly wonderful economic indicators of 2009, when the dollar refused to either rise up and dance or lay down and die, and which will be in snarky chip implant commentary circa 2080 either the first year of the great Obama recovery or year two of Great Depression II, which was of course George W. Bush's fault.

By the by, on April 17, 1930, the Dow hit a high it would not see again until July…1954. Remember: Past guarantees are no promise of future performance, or something like that, and hold tight to your assets, boys, the Dow will rise again! Sometime.