And the stock market just had its best week in history.
Wall street doesn’t reflect main street.
The DJIA is a six month outlook.
Keep in mind they are pumping money into the market via the plunge protection team.
Wall street doesnt reflect main street."
Remember the Federal Reserve has pumped a couple trillion dollars of liquidity into the economy. That money is propping up the market. In the last 50 years debt has overtaken equity on the corporate balance sheet. Stock valuations have little relation to true assets.