Stocks Soar: Dow Hits 15000, S&P 500 Above 1600

[AdHocSolver]

26. The fact that the stock market is so high when the real economy is limping along...

...should be adequate demonstration that there is little connection between the stock market and the economy.

Historically, one of the main reasons a stock price rises so quickly is when company A buys company B and then management fires half of the employees of the newly merged company.

Then there is the Enron technique of cooking the books, the technique of having the government bail you out from your mistakes, millisecond computer trading, and a few other scams that I can't think of at the moment.

The health of an economy is reflected, not in its stock prices, but in its employment (or in its unemployment) figures.

The stock market has become little more than a gambling casino rigged in favor of Wall street.