The new hockey stick

I'll update later today with the closing DJI.

Take a look at: http://finance.google.com/finance?client=ob&q=INDEXDJX:DJI Zoom out to 1 year. Flip it upside down. Look familiar?

If you want to make the analogy even better, of course, you can zoom out to the max. Suddenly right now doesn't look so bad from a historical perspective. Not that I'm saying anything about using graphical information to paint a picture of a gigantic crisis to which people are proposing fantastically expensive solutions that could easily fail to work.

The Feds are adding another $250 billion to the bailout, pushing it to almost $1 trillion dollars. That's almost $1,000,000,000,000 of our money which is going into what looks to me like a band-aid over a bullet hole.