quote:There are also economists who question whether the economy is truly in recovery, given that it continues to lose about a quarter-million jobs a month. They say the more than 50% rally in the Dow since it closed at a low of 6,594.44 on March 5 is only a reflection that the fear of the economy toppling into a full-fledged depression has abated.
The market functions on speculation. Some companies cut compensation costs and inflate their balance sheet. It is not growth.
The Dow will drop to 8000 by early next year.