New Housing Starts fell to a record low last month, yet at the moment the Dow Jones Industrial Average is higher for the day. This is typical of what's been happening the last two years, as many Americans want to ignore the obvious signs of the times. The DJIA has no business being as high as it is, but a combination of the Fed moving to prop the American stock markets up, combined with Americans just flat-out ignoring the signs that things just aren't economically right, has resulted in the DJIA being where it doesn't belong at the moment.
Financial Planners and stock brokers continue to push stocks in a reckless effort to make their commissions and, frankly, they are burrying their heads in the sand. They're out to lunch!
