The Dow Jones Industrial Average on Tuesday morning surpassed its all-time intra-day of 14,198. An early rally sent the Dow above 14,200, thus establishing a new high-water mark. The Dow has now recovered all the ground it had lost since the fall of 2007. The Dow’s average fell a whopping 54 percentage points after its 2007 peak, reaching its bottom of 6,547 in March 2009. “It’s a testament to what the Fed has done and what investors have done to move beyond the financial crisis,” said Jack Ablin of Chicago’s BMO Private Bank. No word yet on what the Fed is planning to do about mass unemployment.
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