Originally posted by Conium
For the first time since 2008, the Dow Jones Average has surpassed 13,000. Which is not far short of the record high which was 14,164 in October of 2007. Does this mean the economy is finally getting back on its feet? Housing prices and good stock growth would agree that America is finally coming back to where we used to be. With unemployment rates falling and more small businesses starting, 2012 could be a great year for the American economy.
What are your thoughts? Do you think the economy is finally beginning to grow again or is it just short term luck?
No it means the stock market is stupid and we heading towards a bigger crash. Numbers are pretty bad and just the economy keeping stable but in a weak state.
The core problems at the heart of the US economy are not being dealt with. The core problems within the eurozone still carry on, worry within the market that china is next on top.
Shame the markets have not got it not a debt crisis but a bank crisis.