[familyofman]

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.

[palmer]

What does it all mean

It means 2000-2002 was just a correction.

[Steven W.]

excessive P/E's for the DOW stocks? you've been sucking up too much of that bearish foolishness that pervades these here waters. seriously, it's so absurd it's beyond even funny.

[kingu]

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.

[duk]

FOR ALL YOU PEOPLE WHO STILL HAVE STOCKS, REMEMBER, BUY LOW AND SELL HIGH!!