I don’t even know what that means.
It means exactly what I said. People think that just because the DOW is up that means the economy is good. But it’s doesn’t. The DOW has no actual meaning in the economy. And tanking DOW can tank the economy, but doesn’t have to, a rising DOW is no indication of our economic health. Especially in the modern day when the stock market is ruled by the greater fool theory. We could have 90% unemployment and the 10% who still have money could be cranking the DOW up. As economic health goes it is a meaningless statistic. Might as well talk about the weather.