What you say is entirely on the money. The stock market continues to this day to be – apparently – completely detached from the ‘real world’. The Dow closed again yesterday above 10k. The FTSE seems to be on another rally. This is logically insane, and cannot sustain itself in the long term.

I’m more worried now about our country’s stability than I was when I wrote this post!

Lee

What an absolutely spot on report.
What really upsets me on top of all you say, knowing it to be true, is that the bailout money in the US and here is being used to play the stockmarket and have the working public believe that it will grow better in equities than it will in savings at 3.5%.
This is an illusion folks, wake up.
3.5% is better than a big fat minus 100%
The brokers and bankers will suck you in to this market rally in the belief that things are getting better.
They are playing with money they just printed, you are playing with your savings, and believe me, they will pull the rug and leave you holding the empty bag.
It’s what banks are good at.