Can We Trust the Dow's Record Highs
Can We Trust the Dow's Record Highs? - 8 March 2013 Stocks have surged – but the economy still feels stagnant... I HAVE a secret to tell you about the new all-time highs the Dow recorded this week, says Greg Guenthner in Bill Bonner's Daily Reckoning . It's not about an impending market crash. It's not about panic or a disconnected economy, or any of the other themes the media has bombarded you with this week. No, the secret I want to share with you is simple. Yet it has been almost completely overlooked since the Dow Jones Industrial Average posted fresh highs this week. The truth about these new highs is that they don't matter–at least not the way you think they do. It is all too easy to look at this week's market milestones through the lens of crisis. Folks want to know why the markets are rising while the economy feels stagnant. Jobs and income aren't back to levels we saw before everything got out of control. Europe is a mess. Need I go o...