bull market

Economic Storm Clouds Ahead

Jun 2, 2013
The recent jubilance among economic forecasters is enough to make even weather forecasters blush. “Just look at the bull market! Look at home prices! Look at consumer confidence!” I can understand the jubilation in the narrow sense that we’ve been down so long everything looks up. But prophecies can’t be self-fulfilling if they’re based on wishful thinking.
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Why There’s a Bull Market for Stocks and Bear Market for Workers

Mar 6, 2013
On Tuesday the Dow Jones Industrial Average rose above 14,270. The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then. Yet the real median wage is now 8 percent below what it was then and unemployment remains sky-high. Why is the stock market doing so well, while most Americans are doing so poorly? Here are four reasons.