What the Dow Isn't
But reporters and commentators are mistaken if they believe the Dow Jones average amounts to a public referendum on the Obama White House (or any other White House, for that matter). There is also little evidence that a rising stock market is necessarily tied to increased prosperity or broad economic health; it is a measure of what people who trade stocks think those stocks are worth, i.e. how much they think other traders would pay for them. As Dean Baker ... Full Story »
Posted by Patricia Blochowiak
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