"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Friday, September 9, 2011

Double Dip, Anyone?

The market is said to be a leading indicator for the economy.   Here's the last five years' data:

So, we started down from a Dow peak near 14,000 in late 2007, we've never made it back to that peak, and we appear to have started down again over the past few months.   Can you say "double dip"?

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