The market has been looking pretty good over the past few months. Do not get too excited. The market becomes very volitile in recession/depression times. Jobs have not recovered.
The above chart shows the dow from 2007 (the peak) and now. Its highest point was about 14000 (which was WAY overvalued fueled by bubbles) and the lowest point is the trough, around 6800 (still overvalued). Now we are approaching back to 9000+ levels, seen during 90’s. I am sorry, but we HAVE NOT recovered. 26 MILLION jobs are still lost. In case you forgot, America has about 300 million people.
Look at the above chart from 1990’s until now. We have not reached the bottom of the market yet. Expect the Dow to drop to BELOW 4000 sometime. Our media and financial gurus are pushing the market back up to rediciculous highs because we want it that high. It does not mean that our economy is actually improving. Nobody ever said that the Dow was a definite indicator of the economy, but seriously, look at the chart. We are nowhere near a recovery. The only companies making profits recieved huge bailouts. Banks are losing money as we speak (despite their new overdraft fee increases). We are in for some trouble when the commercial real estate bubble goes pop! I believe that the mainstream media will do its job at keeping it on the hush.