Mac1958
Diamond Member
- Dec 8, 2011
- 117,407
- 111,934
The market has gone up less than 35% over the last dozen years, is that really disconnected? Seems about right to me.
It hit an all time high with unemployment over 6%, profits - while large for some companies - are uneven, wages are stagnant, new hires mediocre, corporations aren't spending like they could be, on and on. There's no excuse for that, other than people chasing dividends because bond yields are so shitty and there's pretty much nowhere else to put money. The real figures simply don't support an all time high, not even close.