As if there's a reason to party.
We need a reality check, I guess. Or the stocks are deemed too low from recession that many believes there is no way for it to go but up - sooner than later.
OK, here's the deal.
1. unemployment rate remains dismally low.
2. Housing still in a ditch, with foreclosures rising.
3. Consumer spending is very anemic.
Stocks are going up? What gives?