[themartorana]

One of the weird things about the stock market is that its success is no longer in any sort of relationship with economic reality. The economy continues to hobble around, and economic growth is not only low, it may be permanently stunted.

But the S&P 500, Dow, and Nasdaq all closed at historic highs today - the first time all three have on the same day in 17 years. [0] Does the US economy and consumer confidence (and hell, general health of the middle class) feel at all like we should be seeing record market highs?

[0] http://www.reuters.com/article/idUSKCN10M14R

[zubat]

The way I would put it - a delicate framing - is that the market is honest, not correct. The situation is such that most people think they can stay in a little longer even as the analysts are pointing to all sorts of warning signs. There is always theater around the economy in election years, and they might succeed again in propping things up for the next president to handle.

[khuey]

Corporate profits are quite high though.