What happens on the floor of DJ is only a fraction of the GDP. Small business people and their neighbors make up the rest.
Until small businesses start growing again all the DJ reflects is moving paper and hope from one pile to another - if stock volume equates to a good/great economy why are we having trouble?
Until the neighbors of the small business man hear that the small business man is getting well and showing a profit they aren't going to spend money anywhere. Do I have to repeat the paragraph above again?
Until the majority of the economy (2/3rds of it) think things are getting better the DJ averages reflect paper and electrons moved around - no “real growth”.
Like him or not Bush had the right economic idea after Sept 11, 2001 - America keep shopping and the government will try to keep things stable. Any one to debate this now?