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What's not to like: The Dow is soaring, a new Ferrari is roaring

March 05, 2013|By Paul Whitefield
  • The Italian carmaker Ferrari unveiled its newest supercar at the Geneva International Motor Show on Tuesday, the same day the Dow Jones industrial average closed at a record 14,253.77.
The Italian carmaker Ferrari unveiled its newest supercar at the Geneva… (Ferrari / EPA )

So the Dow Jones industrial average closed at a record 14,253.77 on Tuesday.

And lo and behold, on the same day, Ferrari unveiled its newest supercar, the $1-million-plus LaFerrari. And it’s a hybrid, no less. (And yes, that’s its real name; if you’re fortunate enough to be able to buy one, I guess you won’t mind the laughter when you say, “How do you like my new Ferrari LaFerrari?”

You’ve got to admit, though, the world seems just a bit rosier when the stock market is soaring and a new Ferrari is roaring. Or purring. Or whirring. Or whatever a hybrid Ferrari sounds like.

PHOTOS: Ferrari's 949-horsepower LaFerrari

Now, for those keeping score at home, the Dow index’s previous highest close was 14,164.53 on Oct. 9, 2007. And we all know what happened next: Hello, Great Recession, goodbye job, house, retirement fund. No one was getting rich except for the 1 percenters.

Speaking of which, perhaps it's time for a big shout-out to President Obama, who may not be getting props from Mitt Romney and other 1 percenters but seems to be doing OK when it comes to guiding the 47 percenters -- and the country -- back to prosperity.

Of course, in keeping with today’s partisan nonsense, the administration just can’t seem to leave well enough alone, announcing Tuesday that because of the “sequester,” tours of the White House will be canceled beginning March 9. What, we need a fundraiser to keep the people’s house open to the people? Spare some change for change we need?

But partisanship extends to the automotive world, too. On the same day that Ferrari unveiled its hybrid supercar, its rival, Lamborghini, brought out its latest, the Veneno.

And if the Ferrari is too rich for your blood, you don’t want to ask about the Veneno. It’s $3.9 million a copy -- and sadly, there are only going to be three copies made. And they’re already sold. And two of the buyers live in the U.S. And neither one of them is me.

But why look at the glass as half empty. Go celebrate. 

Even if the hybrid you’re driving is a Prius, thanks to the Dow, we can all feel like a million bucks -- at least for a day.


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