between the dow and what seems to be the reality of the core economy? we re having a recovery. there s almost no doubt about that. the market s responding to the fact of a recovery and responding to the fact that despite the grim news you mentioned, corporate profits are extremely strong and getting stronger. so, the market the market doesn t really care that much. the market is a heartless beast. it doesn t care about unemployed family in flint, michigan. they don t care. the market cares about stocks and the earnings on stocks and those are doing very well. it would be nice if the market were more kind hearted but it s not. in terms of the market, the news is good. and the element that the market cares as you say about the earnings reflected on the corporate profit sheets and they come from overseas tease days and doesn t help domestic workers or families but it s profits in the coffers of the companies. well, it is not a huge amount, first of all, eliot. but also, those prof
how do you explain the dichotomy between the dow and what seems to be the reality of the core economy? we re having a recovery. there s almost no doubt about that. the market s responding to the fact of a recovery and responding to the fact that despite the grim news you mentioned, corporate profits are extremely strong and getting stronger. so, the market the market doesn t really care that much. the market is a heartless beast. it doesn t care about unemployed family in flint, michigan. they don t care. the market cares about stocks and the earnings on stocks and those are doing very well. it would be nice if the market were more kind hearted but it s not. in terms of the market, the news is good. and the element that the market cares as you say about the earnings reflected on the corporate profit sheets and they come from overseas tease days and doesn t help domestic workers or families but it s profits in the coffers of the companies. well, it is not a huge amount, first of