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Wohoooo - let's party like it's 1999! What does it all mean - a dawning of a new age with stocks at excessive pe's.

Exactly. What got the DOW to 10,000? Billions invested in retirement funds that buy a limited number of company stocks, increasing the price of those stocks due only to the increase of funds going into the market.

What does the economy gain from this? Yet another thousand CEOs who will get bigger paychecks for doing nothing other than keeping their companies from failing.

It's like the housing prices and the price of health care - so long as people keep dumping their money into the system with no balances in place there will be no method for our supposedly free-market to keep prices in check.

For example, companies that offer health benefits (and unions) continue to just pay the higher prices each year for health care rather than simply saying, "Nope, come back with a cheaper rate or we won't buy."

The whole thing is stupid. A company will put out a contract for paper clips, going with the lowest bid (even if it is a matter of pennies) yet they'll stick with insurance companies that raise their rates 10-15 percent per year.

A shame that the huge amount of money being wasted in the market wasn't being used to create new businesses and create long term improvements in the economy.

Not some of the companies I know. Look at Nucor Steel, for example, which has a manager-to-plant ratio of UNDER ONE!!!!

Where do you think all the layoffs are coming from? The white collar managers who for 40 years added value because they were transmitters of information, but who now, because of computers, are bottlenecks for information. The system has been purging these bottlenecks for about 15 years, but still hasn't wringed all the buildup out yet.

Are there some outrageous CEOs out there? Well, duh: are there some bad football coaches? But to claim that this is all "bubble" is just nonsense.