Yet the Dow Jones is soaring. When the music (read: money printing) stops, it’s going to be ugly.
The Dow Jones is in a bubble caused by the Fed’s 85 billion monthly bond buys. The only place to actually make money that beats actual inflation is in equities.
Stocks soar when US companies replace American workers with workers overseas (immediate impact on the bottom line & forecasts); the idea that a rising stock market is directly tied to American workers’ well-being is done. In fact, the exact opposite it true.