Quote Originally Posted by Tom1956 View Post
I forgot--what's the word in economics where there's too many goods chasing too-few buyers? I think this 15,500 Dow is a crock. I just don't buy it. Who is buying this junk?
I think it's a hype too, but the index is all about perception, and has very little to do with reality. Rich people are getting richer, is about all you can tell from it. It's a very poor indicator of the general state of the economy.