NASDAQ Hits a New High

It took 15 years but the NASDAQ index just hit a new high!

"Yeah!!  We are all saved!!  Our wealth and happiness has recovered!!  I have no idea what the FED did to get us out of that ugly recession and I don't really care!  All I know is that our economy is pumping ahead on all cylinders!"

The Nasdaq rose 21 points Thursday to close at new record high of 5056, 15 long years after hitting 5048.62 on March 10, 2000.

The Dow Jones industrial average rose 21 to 18,059 and the S&P 500 gained 5 to 2113.

Fifteen years and a lot of investor pain have passed by since the dotcom crash and the spectacular bursting of that tech bubble. The times were typified in USA TODAY article about the Nasdaq's then-meteoric rise that hit print that same day, when our Matt Krantz quoted a 48-year-old investor: "Holy cow! I'm rich."

Stocks are climbing amid another busy day of earnings reports and news of a huge fine in the Libor rate manipulation case.

Here;  http://www.usatoday.com/story/money/markets/2015/04/23/stocks-thursday/26230749/

As one looks at America and realizes how depraved we have become and yet how much wealth has been "created" out of thin air in these last few years....one has to read Revelation 18 and just wonder if America COULD be part of the FALL OF BABYLON spoken there;

"Fallen! Fallen is Babylon the Great!  She has become a home for demons and a haunt for every evil spirit, a haunt for every unclean and detestable bird. For all the nations have drunk the maddening wine of her adulteries.  The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her excessive luxuries."

"In one hour such great wealth has been brought to ruin!"

Hmmmmmm.......a massive financial system wiped out in one hour.....I wonder how that might happen?.....