Short answer: Because the stock market is not really going up ;-) Yes, it may look at first glance like there have been some small increases in the market, in terms of its listed valuation in $US ...
...but thanks to the continuation of the Bush record budget deficits, in terms of "real worth" on an international standard, such as gold for instance, the stock market has lost over half its value since Bush took office. cough, cough ... actually the market has lost most of that real value since he started his second term... Jones ---- Original Message ---- From: Edmund Storms I'm confused. Perhaps someone on this list has the answer. Everyone who has discussed the issues here seems to agree to the following: 1. Increase in energy cost will drive up food and other commodity prices, which will reduce consumer spending. 2. Increased cost of personal transportation will reduce consumer spending. 3. The collapse of the housing market will reduce consumer spending. 4. The fed generated inflation will reduce consumer spending. 5. Loss of jobs will reduce consumer spending. Consumer spending determines the profit of companies. So, why then is the stock market going up?
