"An era can be said to end when its basic illusions are exhausted." - Arthur Miller

Wednesday, April 25, 2007

DOW Hits 13000

For reasons I can't fathom, the Dow Jones hit a new record based on good news from various corporations. I am no economist, but I don't really understand the reason for the high value. The real estate market is suffering a hit for the first time in decades, the dollar is losing value worldwide, rather then 1:1 or greater ratio it used to enjoy. Customers are spending but not quite as crazy as use to. I don't know, it just seems there really isn't a solid foundation for the current boom that is occurring and thinking some correction is on the horizon. Hopefully the correction will be small.

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