Monday, March 29, 2010

Why are the stocks going up in the US?

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.

And yet,

Stocks are going up? What gives?