The Dow and S&P are both within reach of hitting all-time highs despite the housing and credit problems. Is this irrational?
The international press often runs articles talking about the Fed bailing out the U.S. markets (again). Maybe the Fed bailed out the equity indices to the point where they can make new highs again so quickly and without the market properly digesting the problems.
My question is: Have the U.S. stock markets ever been so near all-time highs when the risks of a recession are seen as 30-50%?
2007-12-05
12:24:14
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3 answers
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asked by
Anonymous
in
Business & Finance
➔ Investing