The Dow Jones Industrial average yesterday ended at 13,005, reaching its highest level since May 19 2008. US stocks are up about 100% since the Dow ended its frightening collapse that gathered speed throughout 2008 and then hit a sickening bottom in March 2009 well below 7,000.
Indeed, the period from March 2009 to today has been one of the best periods in the history of the stock market. Stock market gains also have been important to reviving growth of the US economy that now has grown every quarter since July 1, 2009.
In the world of stocks, happy days are here again.
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