Behind the Stock Market


Key metrics in boom-feel: go into a bar during business hours and look at the TV: tuned to stocks, it’s a boom.  Tuned to a ball game, not a boom. 

What does the next door neighbor talk about?  Stocks, its a boom.  The Trailblazer’s dismal performance, not a boom.

People say, "The market is up–and this times everything is different!" it’s a boom. "The market is up–is it poised for a correction?"  It’s not a boom.

Barry Ritholtz has a good summary:  it’s global markets pushing U.S. stocks up.