Let's party like it's 1933

Happy days are here again. Stock market investors haven't been so giddy since the depths of the worst economic contraction in U.S. history!


Andrew Leonard
April 3, 2009 12:22AM (UTC)

One doesn't know whether to laugh or cry. A Wall Street Journal news alert informs us that after Thursday's accounting-rules-driven stock market rise, "The Dow Jones Industrial Average ... is heading toward its best four-week winning streak since 1933."

Lest anyone forget, the Great Depression still had quite a long way to go after 1933. By most historical reckoning, it didn't truly end until the onset of World War II.

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So ... cheer up! We might be only eight years and another globally horrific armed conflict away from a real recovery!


Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.

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Globalization How The World Works Stock Market

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